As per millennials, buying second-hand clothing is a much ‘greener’ way to do your shopping. And that’s why London startup Depop which offers buying, selling, swapping and Instagram-like app for clothes, accessories and other fashion stuff has become very popular, especially among entrepreneurially minded teens.
Now recently, the online fashion marketplace, has raised $62M in a Series C fundraise, with support from existing investors Octopus Ventures. As per company presser, Depop intends to use the funds to accelerate its expansion in the US and internationally, grow its London-based engineering and data science teams and invest in new tools and functionality for the platform’s more than 13 million users globally.