Vinted

Goals

To build Vinted company profile, including details on its founding date, history, growth, and fundraising.

Early Findings

Vinted: Overview

  • 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.

Vinted: Financials



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