Vinted, the Lithuania-based second-hand fashion marketplace, is making headlines as it explores a landmark secondary share sale that could value the fast-rising company at around €8 billion ($9.27 billion). This move comes at a pivotal moment for the European resale giant as it looks to reward early investors and fund its continued expansion into new markets and verticals, reflecting its prominent role in reshaping how consumers approach circular fashion.
Vinted’s Growth Trajectory: From Local Startup to Global Resale Leader
Vinted was founded in 2008 in Vilnius, Lithuania, as a local clothes-swapping platform. In the years since, it has transformed into Europe’s largest resale platform, diversifying its offerings to include not only fashion but also electronics, books, toys, and video games. The brand’s evolution mirrors a broader consumer shift toward sustainable shopping, with the resale market expected to continue outpacing traditional retail in growth across the continent.
Early Vinted backers, including investment groups such as Accel, Insight Partners, EQT, Lightspeed Venture Partners, and Sprints Capital, were critical to the brand’s early success. Their bet on consumer-to-consumer resale, bolstered by a seamless tech platform, has been rewarded with substantial growth and profitability.
The most recent fundraising round in October 2024 valued Vinted at €5 billion, with that secondary share sale led by institutional investor TPG, alongside core backers like Baillie Gifford, Accel, EQT, and Lightspeed.
Why This Share Sale Matters
This upcoming secondary share sale—currently in preliminary discussions and initiated by early investors—signals more than just a liquidity event. Allowing early shareholders a partial exit provides evidence of growing confidence that Vinted’s valuation will only continue to rise. The formal process for this transaction is expected to begin in early 2026, with the total deal value likely to reach hundreds of millions of euros.
Financial Highlights: Revenue Surge Amidst Booming GMV
Vinted has reported remarkable financial results, with revenues projected to climb by 40% in 2025, surpassing €1 billion (up from €813 million in 2024), on a gross merchandise value (GMV) of €10 billion. These numbers underscore the business’s blend of scale, resilience, and profitability—rare achievements in the competitive, often thin-margin resale space.
Such rapid growth is powered in part by category expansion and the broadening of cross-border functionality, as Vinted continues to test trading routes between hubs such as London and New York.
Market Dynamics: Riding the Second-Hand Fashion Wave
Amid concerns about retail sustainability and changing shopping habits, Vinted finds itself uniquely positioned. Its tech-forward infrastructure and unwavering focus on circularity resonate with Gen Z and millennial shoppers prioritizing value and eco-friendliness.
The company’s success reflects the broader European second-hand boom, with Eastern Europe witnessing particularly strong marketplace activity and shifting the retail landscape.
What’s Next for Vinted?
As Vinted prepares for potential expansion and continues to refine its business model, the platform serves as a blueprint for scaling in the circular economy. Industry watchers note that if the deal closes anywhere near its reported target, Vinted will solidify its position among Europe’s most valuable private tech companies, reflecting investor confidence in the future of sustainable commerce.
