Vinted, the leading second-hand clothing platform in Europe, is reportedly preparing for a share sale that could take place in early 2026, potentially valuing the Lithuanian start-up at $8 billion. Sources suggest that talks regarding this share sale are still in the initial stages, with no final decision on the amount or specifics, although $8 billion is being projected as the likely valuation.
Vinted made history in 2019 as Lithuania’s first tech unicorn, spurred by investments from prominent firms such as Accel, Insight Partners, EQT, Lightspeed, and Sprints, which valued the company at over $1 billion. In 2024, the platform secured new investors in a funding round led by the U.S. investment firm TPG, raising its valuation to $5 billion.
Founded in 2008 in Vilnius by Milda Mitkute and Justas Janauskas, Vinted has distinguished itself from many competitors in the second-hand marketplace by broadening its availability across Europe rather than limiting itself to regional niches. The company has recently expanded into Croatia, Greece, and Ireland, attracting over 100 million customers from 22 European countries.
Recently, Thomas Platenga, CEO of Vinted Group, disclosed that Vinted is linking the UK and US markets as it tests opportunities for entering the North American market, where the second-hand sector is still developing. The company forecasts reaching a total gross merchandise value (GMV) of $10 billion through its platform by 2025, along with projected revenues exceeding $1 billion.
In April, Vinted Group, which includes its main consumer-to-consumer marketplace Vinted, logistics service Vinted Go, and payment platform Vinted Pay, reported a remarkable 36% surge in revenue to €813.4 million for the year 2024. The company further announced a net profit of €76.7 million, marking an impressive 330% increase from the €17.8 million reported in 2023.
Vinted is also diversifying its product range beyond clothing to include items such as collectibles and toys. While many industry analysts expect that Vinted will pursue an initial public offering (IPO) in the foreseeable future, the company currently appears to be prioritizing organic growth as part of its sustainability goals. This $8 billion share sale by Vinted emphasizes its commitment to expanding presence in the second-hand marketplace and reflects its strategic focus on scaling its operations.
