Vinted Reaches a Record Valuation of 8 Billion Euros

It’s a boom time for Vinted, which has reached a “record” valuation of €8 billion. The milestone achieved by the Lithuanian secondhand marketplace follows its latest deal, an €880 million secondary share offering, as reported by Bloomberg. In this transaction, certain shareholders sold shares to new investors without issuing new shares and therefore without directly raising capital for the company.

“This transaction recognizes the value created and provides liquidity to long-term investors,” said the company’s CEO, Thomas Plantenga, noting that the group has adopted this approach in every fundraising round since 2015. This is undeniably a significant leap forward from the previous valuation of approximately €5 billion recorded in 2024.

Rising revenues and strategic investments

The European secondhand platform is thus continuing its growth, as confirmed just a few weeks ago by data from its 2025 fiscal year. During this period, the company surpassed €1 billion in revenue, posting a 38% increase. Gross Merchandise Value (GMV), i.e., the value of goods sold, is also surging: it stands at €10.8 billion, representing 47% growth. However, profitability is under increased pressure, with adjusted EBITDA amounting to 151 million euros, a slight decrease of 5%. This decline, however, is linked to investments aimed at supporting growth—particularly in Germany—as well as the expansion of product categories and the development of proprietary logistics and payment infrastructure (including Vinted Go and Vinted Pay), the company explained.

Diversification and competition against e-commerce giants

Originally launched as a platform focused on secondhand fashion, Vinted is actually expanding its product offerings to include electronics, books, and home goods. In doing so, it is strengthening its position in the resale market and increasing competitive pressure on generalist marketplaces like eBay.

The secondhand market is booming worldwide

The platform’s trajectory is part of a structurally positive environment for the second-hand market, which is consolidating an increasingly central role in the fashion industry landscape. The global market for secondhand clothing reached $257 billion in 2025, a 13% increase, and continues to grow at a faster rate than traditional retail. According to global data from ThredUp, projections indicate it will reach $393 billion by 2030—growing at twice the rate of the rest of the market. In fact, it already accounts for approximately 10% of global spending in the apparel sector.

Gen Z and Millennials: Drivers of Change

This growth is driven by structural dynamics, ranging from changing consumer behaviors to the declining purchasing power of the average buyer, as well as a shift in “commercial” sensibilities increasingly focused on sustainability. As is well known, it is the younger generations—Gen Z and Millennials—who will account for 71% of market growth in the coming years, with a growing share of them considering secondhand as their first choice. In fact, 58% of Gen Z and 55% of Millennials say they prefer secondhand items over new ones, while 46% of consumers explore the secondhand market before buying new products.

Toward a true circular consumption ecosystem

This also represents a profound cultural shift: resale is now integrated into the standard channels of fashion consumption and has become an integral part of the product lifecycle. At the same time, digital and social channels are gaining strength, with an increasing share of brand, product, and trend discovery occurring outside traditional platforms, through content, creators, and social commerce.

It is precisely in this scenario that Vinted finds the opportunity to consolidate its position in the sector, reflecting the evolution of a business model that is shifting from a niche platform to a much broader ecosystem focused on circular consumption.