Vinted, Europe’s largest second-hand fashion platform, is in preliminary discussions about a share sale that could value the company at close to €8 billion, according to people familiar with the matter.
The secondary transaction would enable some early investors to lock in hefty returns while highlighting the rapid expansion of the Lithuanian start-up, which is increasingly eyeing new categories and international growth.
A deal could launch early next year, though no final valuation or transaction size has been set, and talks remain in early stages, Financial Times reported.
Vinted last raised funds through a secondary share sale in October 2024, securing a €5 billion valuation led by TPG and backed by institutional investors such as Baillie Gifford, Accel, EQT, Lightspeed, and Sprints.
Strong financial momentum drives investor interest
Chief executive Thomas Plantenga told investors Friday that Vinted expects revenues to rise around 40% this year to more than €1 billion, up from €813mn in 2024.
Net profit quadrupled over the same period to €76.7 million, while gross merchandise value on the platform topped €10 billion.
This momentum reflects a rush by European consumers toward affordable second-hand shopping as inflation weighs on discretionary spending.
Vinted’s user base has surged, as has activity across new categories like electronics, books, toys and video games.
The group’s marketplace reach now spans 22 European countries, after launches in Croatia, Greece and Ireland.
Vinted has also been investing in efficient logistics with its Vinted Go shipping service—which is expanding into Spain and Portugal—and payment integration via Vinted Pay.
Recent launches include an investment arm, Vinted Ventures, to back other startups in the “re-commerce” chain.
US expansion and IPO ambitions fuel excitement
Vinted’s ambitions are increasingly global. The company, founded in 2008 as a clothes-swapping website in Vilnius, became Lithuania’s first “unicorn” in 2019.
Plantenga confirmed that Vinted has begun testing US market entry by establishing trade routes between London and New York, allowing users in both hubs to buy and sell across the Atlantic.
He described the US market as “immature” and fragmented, with significant room for penetration.
“In the end, our vision is to make second-hand first choice globally,” Plantenga said, reiterating that Vinted continues to target new product categories beyond apparel. While the company has previously hinted at an eventual initial public offering, no timetable has been set.
With continued category diversification, efficient logistics and strong backer support, Vinted is positioned at the forefront of a European boom in second-hand retail.
The potential share sale would provide liquidity for longtime investors while bolstering funds to sustain growth as the group takes direct aim at global rivals.
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