Darling of the round financial system Vinted is reported to be planning a share sale that will worth the second-hand clothes market at $8bn.
Europe’s main second-hand clothes market Vinted is reported to be planning a share sale in early 2026 that will worth the Lithuanian start-up at $8bn. Sources informed the Monetary Instances that talks had been nonetheless at an early stage, and that the valuation or dimension had not but been set, however that $8bn can be the probably valuation.
Vinted grew to become Lithuania’s first unicorn again in 2019 when investments from the likes of Accel, Perception Companions, EQT, Lightspeed and Sprints valued it at over $1bn, and in 2024 it introduced in contemporary buyers in a spherical led by US funding group TPG, valuing it at $5bn.
Based in 2008 in Vilnius, Lithuania by Milda Mitkute and Justas Janauskas, Vinted has overtaken lots of its second-hand market opponents by making itself accessible Europe-wide fairly than specializing in geographical niches. It not too long ago expanded to Croatia, Greece, and Eire, and now has over 100m prospects in 22 European international locations.
Over the weekend, Vinted Group CEO, Thomas Platenga informed Bloomberg that Vinted was launching a connection between the UK and US markets because it checks the waters as regards getting into the big North american market, the place the second-hand market is much less mature. The corporate is forecasting a $10bn worth (GMV) of all transactions via its platform for 2025, and revenues of over $1bn.
In April the quick rising Vinted Group, which incorporates its consumer-to-consumer market, Vinted, logistics enterprise Vinted Go and funds enterprise Vinted Pay, stated 2024 delivered revenues up 36pc to €813.4m. Its monetary outcomes additionally noticed it report a web revenue of €76.7m million, up 330pc from €17.8m in 2023.
Vinted has not too long ago expanded its providing past clothes to the likes of collectibles and toys. Whereas many anticipate it to look to IPO in coming years, Vinted seems extra centered on natural development for now, in step with its sustainability mission.
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