Depop is a thriving global fashion marketplace that has experienced remarkable growth. It boasts 21 million registered users worldwide, with 74% of them falling within the 14-24 age range. The platform is particularly popular among young people, with 90% of its user base under the age of 26. Moreover, Depop’s revenue witnessed a staggering 300% growth in 2020. Currently, there are over 200,000 active sellers on the platform, who collectively add 430,000 new items on a weekly basis.
In a significant milestone, Etsy acquired Depop in June 2021 for an impressive $1.625 billion. This achievement is even more remarkable considering that Depop was established only a decade ago.
Depop’s success can be attributed to various factors. Notably, they maintain a robust 50% year-over-year revenue growth rate. Their top sellers earn over $300,000 annually, showcasing the profitability of the platform. Additionally, Depop has crafted 500 tailored search terms to enhance customer experiences, allowing users to find their desired items more efficiently. The app enjoys a 4.9 rating on the Google Play Store and ranked 23rd in the Startups 100 index in 2020. With 150,000 monthly searches in the US alone, it has become a go-to destination for shoppers worldwide. Furthermore, Depop has amassed a significant online presence, with 69,000 Twitter followers, 3.3 million Instagram followers, and active operations in 147 countries.
Depop Statistics Overview
Depop has 74% of its users aged between 14 to 24 years old.
This statistic is a testament to the success of Depop in capturing the attention of the younger generation. It speaks to the platform’s ability to engage and connect with its target demographic, providing a platform for them to express their creativity and individuality.
90% of Depop users are aged under 26.
This statistic is a telling indication of the immense popularity of Depop among the younger generation. It speaks to the platform’s ability to capture the attention of the youth and provide them with a platform to express themselves and engage with their peers. This is an important factor to consider when discussing Depop’s success and its potential for growth.
Depop has over 200,000 active sellers.
This statistic is a testament to the success of Depop, showcasing the platform’s ability to attract and retain a large number of active sellers. It speaks to the platform’s popularity and the trust that sellers have in Depop to provide them with a successful marketplace.
430,000 items are added to Depop each week.
This statistic is a testament to the sheer volume of activity that takes place on Depop each week. It speaks to the platform’s immense popularity and the fact that it is a thriving marketplace for users to buy and sell items. It also highlights the potential for businesses to reach a large and engaged audience on the platform.
Depop was acquired by Etsy for $1.625 billion in June 2021.
This statistic is a testament to the success of Depop, as it demonstrates the company’s immense value and the confidence that Etsy had in its potential. It is a clear indication that Depop has become a major player in the e-commerce industry, and its acquisition by Etsy is a major milestone in its growth. This statistic is a great example of the power of Depop and its ability to attract major investments.
Depop has a 50% year-over-year revenue growth rate.
This statistic is a testament to the success of Depop’s business model, indicating that the company is experiencing a rapid increase in revenue year-over-year. This is a clear indication that Depop is a thriving business and is likely to continue to grow in the future. This is an important statistic to consider when discussing Depop’s success and potential for further growth.
Depop has a 4.9 rating on the Google Play Store.
The fact that Depop has a 4.9 rating on the Google Play Store is indicative of the app’s popularity and success. It speaks to the quality of the product and the level of satisfaction users have with it. This is an important statistic to consider when discussing Depop’s success and overall performance.
Depop was ranked 23rd in the 2020 Startups 100, the UK’s benchmark index of the fastest-growing businesses.
This statistic is a testament to the success of Depop, highlighting its impressive growth and recognition as one of the UK’s fastest-growing businesses. It is a powerful indicator of the company’s success and a great way to showcase the company’s achievements to potential customers and investors.
Depop has over 150,000 searches per month in the United States.
This statistic is a testament to the popularity of Depop in the United States, demonstrating the platform’s reach and influence. It is a clear indication that Depop is a powerful force in the online marketplace, and a blog post about Depop Statistics would be incomplete without mentioning this impressive figure.
Approximately 5% of Depop’s inventory is priced above $100.
This statistic is indicative of the range of items available on Depop, with a significant portion of the inventory priced above $100. This suggests that Depop is a great platform for shoppers looking for higher-end items, as well as those looking for more affordable options.
Depop app’s monthly U.S. users have doubled since 2019, reaching 2.6 million in 2021.
This statistic is a testament to the success of Depop app, demonstrating that its user base has grown exponentially in the past two years. This is an impressive feat, and it speaks to the app’s ability to capture the attention of users and keep them engaged. It is a clear indication that Depop is a powerful platform that is here to stay.
Depop was downloaded around 87,000 times in the UK in August 2020.
This statistic is a testament to the popularity of Depop in the UK in August 2020. It shows that the app is being widely used and is gaining traction in the UK market. This is an important indicator of the success of Depop and its potential for further growth.
Depop has 69.6K followers on Twitter.
The fact that Depop has 69.6K followers on Twitter is a testament to the company’s success and popularity. It shows that Depop has a large and engaged audience, which is essential for any business to thrive. This statistic is a great indicator of the company’s reach and influence, and is an important factor to consider when discussing Depop’s overall success.
Depop has over 3.3 million Instagram followers.
The fact that Depop has over 3.3 million Instagram followers is a testament to the company’s success and popularity. It speaks to the power of the Depop brand and the reach of its marketing efforts. This impressive number of followers is a clear indication that Depop is a force to be reckoned with in the online marketplace.
Conclusion
Depop is a rapidly growing online marketplace that has seen tremendous success in recent years. With over 21 million registered users worldwide, 300% revenue growth in 2020, 74% of its users aged between 14 to 24 years old and 90% under 26, Depop has become an increasingly popular platform for young people around the world. It also boasts 200,000 active sellers who add 430,000 items each week and top sellers can earn upwards of $300K annually.
In June 2021 it was acquired by Etsy for $1.625 billion and currently enjoys a 50% year-over-year revenue growth rate with 500 curated search terms tailored to customers’ preferences as well as 18% UK customer purchase rates within 12 months. The app itself holds a 4.9 rating on Google Play Store while being ranked 23rd in the Startups 100 index of fastest-growing businesses with 150k searches per month from US customers alone; 5 percent of which are priced above $100 USD – doubling since 2019 at 2.6 million monthly U S downloads – 87 thousand times downloaded just last August in the UK alone.
Finally, rounding out their social media presence, they have 69K followers on Twitter and 3+million Instagram followers across 147 countries, making them one of today’s most successful digital marketplaces.
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