Wonder

Vinted

Delivered November 29, 2019. Contributor: Hanine K.

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: FinancialsVinted has raised a total of $260.3 million in funding over 5 rounds. Their latest funding was raised on Nov 28, 2019 from a Series E round.
The company has acquired chicfy on Oct 14, 2019.
Vinted latest funding size
: $140.92 million.
Revenue in 2018: $32.9 million.
Market valuation: $1.0 billion.

Proposed next steps:

You need to be the project owner to select a next step.

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.