Vinted, UAB Group, commonly known as Vinted is a Lithuanian online marketplace for buying, selling and exchanging new or secondhand items, mainly clothing and accessories.[2]
History
In 2008, Milda Mitkute and Justas Janauskas co-founded Vinted in Vilnius, Lithuania. In 2012, Vinted partnered with Lemon Labs, a Lithuanian-based app development consultancy to launch their mobile app.[3]
In 2016, Vinted's management team was joined by Dutch businessman Thomas Plantenga as a strategy consultant, and he has since become CEO.[4]
In 2019, Vinted became Lithuania's first tech unicorn by raising €128 million at €1 billion valuation in a round led by Lightspeed Venture Partners[5]
In October 2020 Vinted acquired United Wardrobe, a Dutch competitor.[6]
In 2024 Vinted acquired Trendsales, a Danish competitor.[7]
As of March 2024, Vinted is available in twenty-one countries and has more than 65 million registered users.[8]
See also
References
- ^ "Vinted increased its revenue, optimised operations and continued active expansion last year", www.vinted.com
- ^ "The story behind Lithuanian secondhand marketplace Vinted". Tech.eu. 15 January 2015. Retrieved 19 July 2017.
- ^ "Vinted Case Study". Lemon Labs. Retrieved 19 July 2017.
- ^ Knowles, Kitty. "Step Into Vinted: The World's Largest Pre-Loved Fashion Marketplace". Forbes. Retrieved 31 December 2020.
- ^ "Lithuania crowns its first tech unicorn! Vinted, second-hand fashion marketplace, pockets €128 million and secures €1 billion valuation". 29 November 2019.
- ^ "Second-hand fashion consolidation: Lithuanian unicorn Vinted acquires Dutch competitor United Wardrobe". Silicon Canals. Retrieved 9 November 2020.
- ^ "Vinted acquires Danish second-hand marketplace Trendsales". company.vinted.com. 5 March 2024.
- ^ "About Vinted". Vinted. Retrieved 30 November 2022.