The online seller is making a long-term bet on fashion marketplace Depop as the company’s overall buyers continue to drop.

Depop's merch sales and revenue reached $650 million and $70 million, respectively, in 2020 — both increasing over 100 percent over the previous year. Etsy, meanwhile, is even bigger.

Q2 2025 Management View CEO Joshua G. Silverman highlighted that "our performance in the quarter is directly related to the ...

Online marketplace Etsy on Wednesday announced its $1.625 billion (£1.2 billion) acquisition of UK-based fashion resale app Depop, as it looks to expand its customer base among younger shoppers.

Etsy is in the middle of multiple initiatives to return to gross merchandise sales growth, starting with increasing the numbers of buyers and sellers on the platform.

Etsy is a platform for artists to sell their designs, and the purchase of Depop will add clothing to their app. Depop is an app marketplace for people seeking to buy or trade secondhand clothing.

Etsy, Inc.’s “house of brands” portfolio also includes fashion resale marketplace Depop, musical instrument marketplace Reverb, and Brazil -based handmade goods marketplace Elo7.

Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion.

Etsy (NASDAQ: ETSY) made the surprising move last summer of acquiring Depop, a peer-to-peer social e-commerce site, for $1.625 billion, giving it exposure to the resale market.

Etsy Inc., the online marketplace for crafts and vintage items, is buying second-hand fashion app Depop for $1.63 billion as it seeks to expand its customer base and attract younger users.

Etsy is acquiring Depop for $1.625 billion. Depop, which launched in 2011, is a s ocial shopping app that has been described as a mix of eBay and Instagram. It is targeted at Gen Z shoppers.

Crafty website Etsy has bought the second-hand clothing app and platform Depop in an unexpected sale to the tune of $1.6 billion USD. Etsy is typically used by “cottagecore aesthetic-chasers ...