Maria Raga, the CEO of secondhand style app Depop, has in the present day introduced her resignation.
She’ll get replaced by Kruti Patel Goyal, at present chief product officer at inventive market Etsy, which acquired Depop final yr. Goyal will relocate to London from New York to take up the reins in September.
In a LinkedIn publish saying the information, Raga — who has been on the helm of Depop for eight years — says: “I’ve made the virtually unattainable choice to step down as CEO in an effort to take a break and spend extra time with my household.”
Etsy purchased Depop for $1.6bn in June 2021, partly to faucet into its Gen Z person base. The app permits sellers to create their very own store fronts, and construct a model round them to dump their secondhand garments.
Depop was based in 2011 by Simon Beckerman, and raised over $80m from buyers together with Balderton, Creandum, HV Capital, Octopus Ventures and Normal Atlantic.
