On-line resale app Vinted is seeing a structural shift in client behaviour, as habits kind across the resale financial system, the corporate’s market boss instructed CNBC on Monday.
Vinted, the consumer-to-consumer platform permitting clients to promote undesirable gadgets like clothes, electronics, and even furnishings, has seen fast development in recent times, boosted by customers more and more searching for worth amid rising prices of residing globally.
The worth of things bought on Vinted grew practically 50% final 12 months, because it launched in additional European markets.
“It is a basic change in consumption in direction of second hand, and I feel that may be very a lot right here to remain,” Adam Jay, CEO of Vinted Market, instructed CNBC. “Vinted was rising properly earlier than the present financial difficulties, the price of residing disaster, inflation, and has continued to develop properly in occasions of problem and stress.”
His feedback come as Vinted in late April accomplished a secondary shares transaction of 880 million euros ($1.02 billion), valuing the Lithuanian startup at over $9 billion.
Vinted’s fast development and multi-billion greenback valuation have fueled intense hypothesis concerning a possible blockbuster IPO.
The corporate’s sturdy monetary well being additionally alerts that it’s underneath little strain to record quickly, as it’s cash-positive and able to elevating practically a billion euros in personal capital.
Executives have hinted at an upcoming IPO however have not given a timeline. Jay mentioned he was pleased with the present buyers, however declined to touch upon the timing and site of a possible IPO.
The secondary transaction led by EQT introduced on new buyers reminiscent of Schroders Capital and BlackRock, and noticed present shareholders like Baillie Gifford enhance their place.
It launched “institutional, long-term buyers that may maintain throughout personal and public markets, whereas offering liquidity to present shareholders and staff,” Vinted mentioned on the time. The corporate did not increase any new major capital on this transaction.
Increasing past style and Europe
On-line secondhand attire is rising quickly, and at twice the velocity of the general market, in response to market analysis agency GlobalData.
The explosive development is partially as a result of the secondhand market represents a win-win for consumers and sellers, in response to Jay. “You have bought this behavior being fashioned, you’ve got bought this huge social affect, local weather affect, and that… combines to be the Vinted equation.”
Vinted coined the time period “Vinted math,” referring to customers who view second hand as a simple and extra inexpensive choice, and take into account the resale worth when shopping for new gadgets.
Vinted customers saved 21.6 billion euros on style in 2025, in comparison with retail costs, paying on common 72% lower than the unique value, in response to the corporate’s 2025 Affect Report.
Vinted is now making an attempt to take that formulation throughout the Atlantic in addition to to new classes.
“It took us a very long time earlier than we determined to transcend style, and we actually wanted to be assured that our style market was working proper throughout Europe,” mentioned Jay.
“We had been nervous as a result of plenty of what our members inform us they love about Vinted is that it is easy, it is easy to make use of, it is actually clear the way it works, and we had been anxious that we would lose that as we began layering in different classes.”
In the end, it had sufficient alerts to take the leap, reminiscent of suggestions from customers having been inventive in promoting non-fashion gadgets even earlier than Vinted formally expanded its classes past attire.
LONDON, ENGLAND – JUNE 08: CEO of Vinted Market Adam Jay speaks to delegates throughout an interview on day one in all London Tech Week at Olympia on June 08, 2026 in London, England. Attracting the world’s main tech firms together with Microsoft, Amazon Net Companies, and Google Cloud, London Tech Week brings collectively business innovators, policymakers, and buyers to debate the most recent breakthroughs on this planet of tech. This 12 months the Deep Tech Stage options improvements within the fields of house, robotics, sciences, quantum and AI. (Photograph by Leon Neal/Getty Pictures)
Leon Neal | Getty Pictures Information | Getty Pictures
Vinted is presently current in 26 nations, with France and the UK being the largest markets. The corporate has had a presence within the U.S. since 2013, but it surely solely earlier this 12 months began being extra energetic in advertising its product and making an attempt to develop that market.
There’s an “monumental alternative” within the U.S., however success may take “weeks, months, and possibly years,” Jay mentioned.
It has traditionally been difficult for European tech and client firms to efficiently carry their enterprise fashions to the U.S.
One of many greatest challenges in taking over the U.S. market is excessive delivery prices, Jay mentioned.
Vinted can also be constructing out its delivery and funds infrastructure through Vinted Go and Vinted Pay. Its growth into logistics, pockets infrastructure, and new markets is having an affect on the corporate’s backside line.
Internet revenue declined by 19% in 2025 in comparison with the earlier 12 months. At the same time as income rose 38% to 1.1 billion euros. Its gross merchandise worth (GMV) spiked 47% to 10.8 billion euros.
The platform additionally nonetheless has some method to go earlier than it might compete with the likes of, for instance eBay, which reported GMV of $79.6 billion in 2025. EBay additionally just lately mentioned it plans to purchase style market Depop from Etsy for about $1.2 billion to strengthen its style providing and appeal to a youthful demographic.
“We’re right here for the long run,” Jay mentioned in response to a query of whether or not fast growth is the perfect use of capital for an organization eyeing public markets. “We’re making an attempt to make the investments, all of it’s the unsexy stuff, make the unsexy investments that make secondhand first selection worldwide.”
