Vinted Surpasses $10 Billion GMV and Tests American Market

As CEO Thomas Plantenga told Bloomberg TV last week, this initiative is the first step in transforming from a marketplace into a global ecosystem, with the ambition of making second-hand the first choice for consumers worldwide.

Impressive Financial Results

In April, Vinted Group – which includes:

• the C2C marketplace Vinted
• logistics service Vinted Go
• payment system Vinted Pay

Announced revenues of €813.4 million for 2024, representing a 36% increase. Net profit surged by 330% to €76.7 million (from €17.8 million in 2023).

The Lithuanian startup, which we identified in our article as one of Europe’s biggest e-commerce success stories with a valuation of $12.5 billion, has recently expanded its offering beyond clothing to include collectibles and toys.

Whilst many expect Vinted to go public (IPO) soon, the company remains focused on organic growth and building a comprehensive ecosystem for second-hand commerce, in keeping with its sustainability mission.