Vinted is performing properly in 2025: income grows by 40 % to over 1 billion euros. The corporate’s gross merchandise quantity (GMV) surpasses the mark of 10 billion euros, in response to CEO Thomas Plantenga on LinkedIn. “An enormous 12 months for Vinted.”
Vinted, based mostly in Lithuania, has change into a widely known secondhand trend market. This 12 months, for instance, the corporate grew to change into the main clothes retailer in France, with a bigger gross sales quantity than Amazon and native opponents.
Germany now a high market
In keeping with CEO Plantenga, Vinted is on observe for an annual income of over 1 billion euros, because of a 40 % progress in comparison with final 12 months. That is partly because of the sturdy efficiency in Germany, which has reworked “from a problem right into a high market” for the recommerce chief.
Diversification and enlargement
Along with clothes, Vinted now facilitates the commerce of electronics, video games, books, and toys. With Vinted Go and Vinted Pay, the corporate has broadened its actions lately, making transport and funds extra environment friendly.
‘The U.S. market may be very immature’
Based in 2008, the corporate operates in over twenty European nations and is now testing the U.S. market by establishing a connection between London and New York that enables patrons and sellers in every location to commerce with one another. “The US market may be very immature,” says Plantenga. The penetration of second-hand continues to be very small there. “So for us, that may be a enormous alternative.”
8 billion valuation
Its technique is paying off for Vinted’s house owners. In keeping with the Monetary Instances, Vinted is in talks to promote a portion of its shares, at a valuation of round 8 billion euros, “in a deal that might underscore the platform’s enlargement whereas permitting some early buyers to money out”.
A share sale would underscore Vinted’s enlargement
In keeping with insiders, the deliberate share transaction entails tons of of hundreds of thousands of euros. The most recent valuation is about 3 billion euros greater than it was a 12 months in the past.
From market to ecosystem
In 2023, when the corporate stated it was already IPO-ready, Vinted grew to become worthwhile for the primary time. Final 12 months, the revenue quadrupled to 76.7 million euros. The corporate is in a transformative section, says Plantenga on LinkedIn: “We’re laying the groundwork to shift from a market to a worldwide ecosystem, making second-hand the primary selection worldwide.”
