Letgo was founded in 2015 and is available for iPhone and Android devices. The premise is simple: Snap a photo of something you'd like to sell, post it to the app, and chat with potential buyers. Letgo is consistently one of the top 50 free apps in the App Store, vying for dominance with a similar app, OfferUp.

Private Letgo

letgo's App was launched in January 2015 by Alec Oxenford, former CEO of OLX along with Jordi Castello and Enrique Linares, the app initially targeted the U.S. market, competing against eBay and Craigslist. The company is headquartered in Barcelona and New York City.

With tens of millions of users, letgo is already the largest and fastest growing app for buying and selling near you. It is one of the most used apps in the US, and letgo users buy and sell all kinds of items, from electronics, cars and collectibles to clothing, furniture and other decorative items.

Compare the Best Apps for Selling Stuff

OfferUp - OfferUp and Letgo are now one big marketplace. Why you'll love using OfferUp: The biggest mobile marketplace for local buyers and sellers.

Best Apps for Selling Stuff

• Best Overall: eBay.
• Best for Free Listings: Meta Marketplace.
• Best for Local Sales: Nextdoor.
• Best for Buyers: OfferUp.
• Best for Selling Designer Items: Poshmark.
• Runner-Up, Best for Selling Designer Items: Tradesy.

Letgo will charge the product owners with fees ranging from $0.99 to $3.99 that depends on the product. More and more users on the Letgo are attracted to this feature, as it allows them to play safe. This way Letgo earns revenue from the Freemium model.

letgo was founded in 2015 by Alec Oxenford, Jordi Castello and Enrique Linares.

Freemium Model Letgo's primary revenue model is the freemium model. This means that Letgo allows people to sign up for the app and list their products for free, which allows the app to quickly build a large user base.

Best apps and websites for reselling items

• Best for selling everything without fees: Facebook Marketplace.
• Best for selling handmade and vintage items: Etsy.
• Best for selling clothing: Depop.
• Best for selling home goods: Mercari.
• Best for selling specialized goods: eBay.
• Best for selling luxury clothing: Poshmark.

OfferUp. "Letgo Is Now Part of OfferUp!"

Best Apps for Selling Stuff

• Best Overall: eBay.
• Best for Free Listings: Meta Marketplace.
• Best for Local Sales: Nextdoor.
• Best for Buyers: OfferUp.
• Best for Selling Designer Items: Poshmark.
• Runner-Up, Best for Selling Designer Items: Tradesy.

Let go of my hand. He let go of the rope. You need to let go of the past.

letgo's revenue is $27.0 million. Letgo peak revenue was $27.0M in 2022.

How to Sell an App Idea to a Company

1. Put Your App Idea on the Paper.
2. Do the research and analyze information: Know your market and your users.
3. Create a Business Concept.
4. Develop Your App.
5. Launch and Grow Your App.
6. Find potential investors and pitch them.