To build Vinted company profile, including details on its founding date, history, growth, and fundraising.
- Vinted is a site where consumers can sell and buy second-hand fashion.
- The company was founded in Dec 2008 by
Justas Janauskas and Milda Mitkute.
- Today, 300 people work at Vinted to help the world sell, buy, and swap second-hand wardrobe items.
- Vinted’s offices are based in Vilnius, Berlin, Warsaw, and Prague.
- These spots helped the company operate in 12 markets: Spain, France, Luxembourg, Belgium, the Netherlands, Germany, Austria, the Czech Republic, Poland, Lithuania, the UK, and the USA.
- "The company went through some drastic changes. First, it clawed back a lot of its pricey international expansion strategy (and along with that a lot of the costs associated with it); and second, it removed all listing fees to encourage more people to list. Now, Vinted charges a 5% commission only if you conduct transactions on Vinted itself, bundling in buyer protection and shipping to sweeten the deal."
- "The turnaround worked, and the company bounced back, and two years later, in 2018, it went on to raise €50 million. Today, Vinted has some 180 million products live on its platform, 25 million registered users in 11 markets."
- Vinted has 202,215 monthly web visitors, ranking 167,781 among websites globally.
Proposed next steps:
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As the initial research gathered some basic information about Vinted, we recommend continuing to find out their key leaders, value proposition, competitive advantage, product offerings, Growth and/or market expansions, and consumer perception. Also, we could find, for the cofounders of the company, their background, education, professional experience, social profiles, and business information.
Alternatively, we recommend finding 2-3 competitors of Vinted. For each competitor, we will provide a brief overview, their founding date, headquarters, key leaders, value proposition, competitive advantage, product offerings, Growth and/or market expansions, revenue, market valuation, and consumer perception.