Depop Launched as a easy app to publish pictures of clothes and supply on the market. Nevertheless it has develop into a cultural phenomenon with hundreds of thousands of customers, a vibrant group, and even some super-users incomes a dwelling from the platform. That's why I'm joyful to announce that Depop Managing Director Maria Raga arrives TechCrunch Disrupt Berlin,
Many have tried to mix a social app with a purchasing expertise, however few have made it. Depop is one in every of them. If you happen to're an Instagram consumer, the define icons of the app are identified. However as an alternative of following manufacturers and generally shopping for new objects, Depop is all about classic objects, uncommon sneakers, and belongings you simply can’t discover in an everyday social community.
Depop customers can observe different customers, uncover objects from their favourite model, obtain customized suggestions, and naturally purchase and promote objects. It's a social expertise that's nice for cell telephones and makes purchasing extra private.
Promoting one thing on depop is as straightforward as publishing pictures in a social app. You enter an outline, a spot, a model and a worth and you can begin. After that, different customers can purchase stuff instantly from the app. You’ll be able to then ship your objects and obtain your cash in your PayPal account.
And it was an enormous success. There are at the moment greater than 13 million customers – the overwhelming majority of whom are youthful than 26 years outdated. The corporate has grossed greater than $ 500 million since its launch.
Curiously, some superusers lived on the platform. These customers are gifted at discovering and shopping for limited-edition clothes, sneaker drops, and different helpful objects. They promote them on depop, with a few of them producing as much as $ 100,000 in income per 12 months.
Underneath Maria Raga, Depop has raised over $ 100 million. In early summer season, the corporate introduced one $ 62 million financing round led by Common Atlantic. It's clear that Depop is now thriving as each a social app and a market. And I can’t wait to listen to how Maria Raga did it.
Buy your ticket to Disrupt Berlin to listen to this dialogue – and lots of others. The convention will happen from December 11th to 12th.
Along with panels and fireplace chats like this, new startups can be collaborating in Startup Battlefield to battle for the coveted Battlefield Cup.
Maria Raga is the CEO of Depop. Since becoming a member of the VP of Operations in 2016, she has been chargeable for all enterprise areas, from finance and engineering to advertising and marketing and product. Maria is an open and collaborative govt devoted to her group, which has employed over 150 individuals in 5 places of work worldwide for the final three years alone. Maybe most significantly, since her appointment as CEO, she has raised almost $ 100 million, which has helped broaden and develop the group on Depop – now 13 million customers.
Prior Depop Maria was successively at Groupon and Privalia. After finishing her MBA research at Insead, Maria joined Bain & Firm as a guide.
Born in Valencia, Spain, Maria now lives in London together with her husband and two kids. In her free time, Maria likes to maintain in touch with Depop's Gen-Z entrepreneurial group and promote ladies within the office