--- description: Find out why Depop was selected for TIME‘s list of the most influential companies of 2026. title: TIME100 Most Influential Companies 2026: Depop image: https://static.time.com/v3/assets/bltea6093859af6183b/blt63c1c836d882ed36/69eac7cb49bc987ec940d524/time100-companies-impact-awards-depop.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9%2Coffset-x100.00%2Coffset-y19.04 --- Apr 30, 2026 # Depop Making circular fashion cool by [Shannon Carlin](/author/shannon-carlin/) ## Shannon Carlin Update your preferences in [Account Settings](/account/preferences/) Close Carlin is a contributor for TIME.  Depop CEO Peter Semple Depop CEO Peter SempleCourtesy Depop Since its founding in 2011, Depop, the London-based fashion resale app, has been making circular fashion “accessible and aspirational” to the mainstream consumer, says CEO Peter Semple. The community-driven online marketplace now has more than 7 million active buyers—nearly 90% of whom are younger than 34\. “It is ideally a net good for the world if we're all collectively teaching people to think about secondhand first,” Semple says. After 15 years, Depop has become one of the fastest-growing resale platforms in the U.S. and has put what Semple calls its “money, intention, and creativity” behind finding ways to make sustainable shopping as exciting as buying new—including investing in AI-powered tools that make transactions easier for both buyers and sellers, as well as building “a place for self-expression, connectivity, and the engaging aspects of social media—ideally without the detrimental effect that \[it\] can have,” says Semple. Depop also carries cultural cachet: celebrity stylists like [Gabriella Karefa-Johnson](https://wwd.com/fashion-news/fashion-scoops/gabriella-karefa-johnson-depop-trends-spokesperson-1238672989/ "undefined") and [Mimi Cuttrell](https://wwd.com/fashion-news/fashion-scoops/stylist-mimi-cutrell-on-hollywoods-vintage-obsession-her-new-role-at-depop-1235424485/ "undefined") have partnered with the company; the artist Doechii has referenced it in a verse; and it even got a mention in a [2024 Saturday Night Live](https://www.youtube.com/watch?v=nzh727t944k "undefined") skit starring Sydney Sweeney. In 2025, Depop earned $1 billion in gross merchandise sales, with its U.S.-based sales increasing 60% from 2024\. The company also saw daily listings hit an all-time high in January 2026; more than 68 million items are currently up for sale, with up to 600,000 new listings added daily. In February, [eBay announced its acquisition of Depop](https://investors.ebayinc.com/investor-news/press-release-details/2026/eBay-to-Acquire-Depop-from-Etsy/default.aspx "undefined") from Etsy, its owner since 2021, [for $1.2 billion](https://www.nytimes.com/2026/02/18/business/etsy-depop-ebay.html "undefined"). Semple says the proposed deal, expected to close in Q2 of 2026, will allow Depop to continue to grow its community alongside the secondhand apparel market, which is expected to reach $370 billion globally by 2027 (up from $227 billion in 2024), [according to Statista](https://www.statista.com/topics/5161/apparel-and-footwear-resale-in-the-us/ "undefined"). “As we think about the ambition for the business going forward,” Semple says, “the job is to teach everyone to be circular.” Depop: 2026 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collection/time100-most-influential-companies/2026/depop/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collection/time100-most-influential-companies/2026/depop/"},"headline":"Depop","datePublished":"2026-04-30T13:25:46.329Z","dateModified":"2026-05-12T07:03:06.653Z","description":"","url":"https://time.com/collection/time100-most-influential-companies/2026/depop/","keywords":["TIME100 Companies","franchise","list"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt63c1c836d882ed36/69eac7cb49bc987ec940d524/time100-companies-impact-awards-depop.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675%2Coffset-x100.00%2Coffset-y19.04&height=675","author":[{"@type":"Person","name":"Shannon Carlin","jobTitle":"Carlin is a contributor for TIME.","url":"https://time.com/author/shannon-carlin/"}],"creator":"Shannon Carlin","articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt63c1c836d882ed36/69eac7cb49bc987ec940d524/time100-companies-impact-awards-depop.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675%2Coffset-x100.00%2Coffset-y19.04&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/collection/time100-most-influential-companies/2026/depop/","name":"Depop"}}]}] ```