At the beginning of the year we marveled at Vinted’s trajectory. They closed 2024 with more than 800 million euros in revenue and a valuation of 5,000 million euros. 2025 looks even better and they are also planning a share sale that will skyrocket its valuation even more.
What is happening. They tell it in the Financial Times. The Lithuanian second-hand sales company is exploring a share sale that will increase its valuation up to 8,000 million euros. It is a ‘cash out’ operation, very common in cases like Vinted’s in which a company has grown a lot in a short time. The objective is for investors to sell their part and recover their initial investment. At the moment the operation is not closed, although there is talk that it could be completed at the beginning of 2026.
Why it is important. The second-hand items market has been transformed with the appearance of platforms such as Wallapop, Milanuncios or Percentil. However, none can boast Vinted’s figures. The company has managed to stand out with a clear strategy focused on clothing and the promotion of its own payment system, Vinted Pay.
Benefits. Vinted reached 813 million euros in revenue in 2024. According to Thomas Plantega, CEO of the company, they expect to close 2025 with record revenues that will exceed 1,000 million. The gross sales value of items on the platform could exceed 10 billion euros. As for net profits, they have not given forecasts, but in 2024 they have already tripled compared to the previous year, reaching almost 77 million euros.
Diversification. Vinted was born with a clear focus on the buying and selling of second-hand clothing, that is where it made a name for itself and managed to differentiate itself from other more general second-hand platforms such as Wallapop. Recently the company has begun to open its categories and today we can now find electronic devices, video games and home furnishings, among others. The plan is to continue expanding.
Target: USA. Vinted already operates in a total of fifteen countries, although not all of them are connected. Specifically, the United Kingdom is not connected to the rest of Europe, so they can only Buy and sell within their borders. The next step will be to jump into the US market and the idea is to connect it precisely with the United Kingdom. In statements to Bloomberg TV, the company’s CEO assured that the second-hand market is very underdeveloped in the United States, which represents a great opportunity for Vinted.
Imagen | Vinted
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