Display apparatus

A display apparatus comprising:

• a substrate including a display area and a peripheral area surrounding the display area;
• a display layer provided on the display area of the substrate, wherein the display layer includes a circuit layer, a planarization layer, a pixel-defining layer, and a display element layer;
• a first insulating layer on the display layer;
• an anti-reflection layer on the first insulating layer;
• and
• an organic layer on the peripheral area,
• wherein the organic layer includes:
• a first organic layer including a same material as the planarization layer, and apart from the planarization layer;
• and
• a second organic layer including a same material as the pixel-defining layer, and apart from the pixel-defining layer,
• wherein the first insulating layer includes a valley structure provided on the peripheral area of the substrate, and the valley structure includes a valley hole passing through an upper surface of the first insulating layer, and
• in a plan view in an unfolded state of the bending area, the anti-reflection layer is apart from at least one of the organic layer and the valley structure.