Vinted – The Online Thrift Revolution

Founded in 2008, Vinted is a Lithuanian peer-to-peer marketplace for buying, selling, and swapping second-hand clothing and accessories. The platform has rapidly grown into one of Europe’s largest resale marketplaces, enabling millions of users to give new life to pre-loved fashion while promoting sustainable consumption.

Vinted operates in multiple European countries, including Germany, France, the Netherlands, and the UK, connecting users who want affordable fashion with those looking to sell items easily.

Founding Story

Vinted was founded by Milda Mitkute and Justas Janauskas in Vilnius, Lithuania. The founders initially started the platform as a community for sharing and selling clothes among friends.

Seeing the potential for a larger, digital second-hand marketplace, they expanded Vinted into a full-fledged platform that simplified listing, buying, and shipping fashion items across Europe. The vision was to create a fun, social, and sustainable shopping experience.

Funding and Growth Milestones

Vinted has grown through strategic funding and acquisitions:

• 2013–2015: Early seed rounds allowed expansion across Lithuania and the Baltic states.
• 2018: Series D funding of $128 million, boosting expansion into major European markets.
• 2020: Series E funding of $250 million, valuing the company at over $1 billion, making Vinted Europe’s first clothing resale unicorn.
• 2023: Over 45 million users across Europe, handling millions of transactions annually.

The company’s growth reflects both the rise of sustainable fashion and the increasing popularity of online marketplaces.

Business Model and Technology

Vinted uses a peer-to-peer marketplace model with built-in technology tools:

• Listing and Selling: Users can list clothing and accessories quickly with photos and descriptions.
• Secure Transactions: Payments are processed safely through the platform.
• Shipping Integration: Partnered logistics solutions simplify sending items across countries.
• Community & Social Features: Forums, ratings, and user messaging foster trust.
• Freemium Model: Free to list items, with optional promotional tools to increase visibility.

Revenue comes primarily from buyer protection fees, promoted listings, and premium features, keeping the marketplace accessible while monetizing value-added services.

Market Impact

Vinted has transformed how Europeans approach fashion:

• Sustainability: Encourages reusing clothes, reducing waste and overproduction.
• Economic Empowerment: Allows individuals to monetize unused items.
• Fashion Accessibility: Provides affordable clothing options for millions of users.
• Market Leadership: Competes with global players like Depop, Poshmark, and eBay in the resale space.

By addressing both consumer convenience and environmental concerns, Vinted has become a market leader in circular fashion.

Challenges and Controversies

Vinted faces challenges typical of fast-growing marketplaces:

• Competition: Intense competition from other resale platforms and social commerce apps.
• Fraud & Scams: Ensuring safe transactions and preventing counterfeit or misrepresented items.
• Logistics: Coordinating shipping across multiple countries efficiently.

The platform addresses these through user verification, secure payment systems, dispute resolution, and partnerships with logistics providers.

Future Outlook

Vinted continues to innovate and expand its influence in the second-hand market:

• New Markets: Expanding further in Europe and exploring opportunities globally.
• Sustainability Focus: Collaborating with fashion brands to promote resale and eco-friendly practices.
• Technology Enhancement: AI-driven item recommendations, search optimization, and fraud prevention.
• Community Growth: Building social features to enhance user engagement and trust.

For entrepreneurs, Vinted demonstrates how combining community-driven commerce with sustainability trends can create a scalable, impactful business.

From a small Lithuanian startup to Europe’s leading second-hand fashion marketplace, Vinted has redefined online thrift shopping. By empowering individuals to buy, sell, and swap clothing sustainably, Vinted not only transforms consumer behavior but also contributes to the global circular economy. Its story highlights the power of tech-enabled marketplaces and community engagement in building a business with both financial and environmental impact.