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Vinted

Europe's largest resale marketplace and profitable at scale.

marketplace · Index #1 · confidence high

Intelligence briefing

Vinted is tracked on Mooselen as a marketplace running a peer to peer model across Europe, US. Headquarters: Vilnius, Lithuania. Ownership status in the Mooselen ledger: private.

Categories covered: fashion, secondhand. Authentication model: buyer protection and optional checks. Fulfillment model: seller fulfilled.

Europe's largest resale marketplace and profitable at scale. Mooselen treats this as a verified profile card fact, not a forecast.

On the Mooselen Index (edition 2026-08-03), Vinted ranks #1 in the Marketplace tier. Europe's largest resale marketplace and profitable at scale, with adjusted EBITDA of EUR 151m. The Mooselen Index ranks operators on disclosed scale, category position, and momentum. Detailed company profiles are included with Mooselen Professional. Current ranking edition cutoff: August 3, 2026 (includes eBay completion of the Depop acquisition).

Disclosed revenue and full GMV definitions are not invented on this public profile. Where Mooselen has published numbers, they appear in Wire, Analysis, or Index sources linked below. Profile last verified 2026-08-03 with high data confidence.

Consignment vs Peer-to-Peer Resale refers to the fundamental structural divide in secondhand fashion platforms. Consignment models (used by The RealReal, ThredUp) involve sellers shipping items to the platform, which handles photography, pricing, storage, authentication, and fulfillment, taking a commission (typically 20 to 80 percent depending on item price). Peer-to-peer models (Vinted, Depop, Poshmark) let sellers list and ship directly to buyers, with the platform providing marketplace infrastructure and taking smaller fees (usually 10 to 20 percent). The distinction determines capital requirements, scalability, quality control, and unit economics. Consignment demands significant upfront investment in warehousing and operations but offers consistency and brand control. Peer-to-peer requires less capital and scales faster but sacrifices quality oversight. Many platforms now blend elements of both, offering managed services alongside direct selling options to optimize margins and seller experience.

GMV (Gross Merchandise Value) represents the total dollar value of all merchandise sold through a resale platform over a specific period, before deducting returns, fees, or other costs. In resale marketplaces like Vinted or Depop, GMV captures every transaction between buyers and sellers, making it a key metric for measuring platform scale and growth velocity. While GMV shows marketplace activity, it differs critically from revenue: a platform might process $1 billion in GMV but only collect 10% to 20% as take rate revenue. Investors and operators track GMV to assess market share, seasonal trends, and category performance. However, GMV alone can mislead, since high transaction volume does not guarantee profitability if customer acquisition costs remain elevated or operational expenses outpace revenue growth. Successful resale businesses balance GMV expansion with sustainable unit economics.

Mooselen reads Vinted inside the broader circular fashion system: Circular fashion is a regenerative system designed to keep clothing and textiles in continuous use through resale, rental, repair, and recycling, rather than following the traditional linear model of make, use, discard. The approach extends product lifecycles by returning garments to the market multiple times before materials are ultimately recycled into new fibers or products. For resale businesses, circular fashion represents both an operating philosophy and a market opportunity: platforms like Vinted and Depop function as critical infrastructure in circular systems by facilitating peer to peer clothing exchange. The model reduces environmental impact by decreasing demand for virgin materials and diverting textile waste from landfills, while creating economic value from existing inventory. Brands increasingly adopt circular principles through takeback programs and owned resale channels.

Structured profile

Business model peer to peer

Headquarters Vilnius, Lithuania

Geography Europe, US

Ownership private

Categories fashion, secondhand

Authentication buyer protection and optional checks

Fulfillment seller fulfilled

Disclosed revenue Not publicly disclosed on this profile card

Disclosed GMV/GMS See Index scale notes when entitled; public Signal and Wire disclosures are linked below when available

Last verified 2026-08-03

Related entities

Programs: Vinted Go · Vinted Pay

Verified Signals

Wire coverage

July 8, 2026

Nearly 70 fashion names ask governments to rewrite the tax math on resale

A group of 69 fashion and textile organisations has signed a joint statement pressing governments in the EU, the United States, and Canada to change the tax treatment of resale and repair, according to the Ellen MacArthur Foundation, which convened the effort. Signatories include Arc’teryx, Decathlon, Etsy, H&M Group, Lacoste, Primark, Reformation, ThredUp, Vestiaire Collective, Vinted, and Zalando, the Foundation said.

July 6, 2026

Vinted hits $9 billion valuation on secondary sale as GMV climbs 47%

Vinted closed an 880 million euro ($1.02 billion) sale of existing shares late in April, a deal that put the Lithuanian resale marketplace above $9 billion, CNBC reported. EQT led the round, CNBC said, bringing in new backers Schroders Capital and BlackRock while existing investor Baillie Gifford expanded its position. The deal allowed current shareholders and employees to cash out but brought in no fresh money for the company itself, according to CNBC.

July 2, 2026

The curation pivot: resale stops competing on size

For two decades secondhand platforms competed on selection: more listings, more brands, more inventory. That race is ending. ThredUp, eBay, StockX, and Rebag are now working to differentiate on curated experience instead, deploying AI and celebrity partnerships to surface less and sell more, according to Business of Fashion reporting. The logic is defensive as much as strategic: when every platform holds millions of listings, breadth stops being an advantage and starts being a search problem.

July 1, 2026

Depop flips its fee model: sellers stop paying, buyers start

Depop is removing the 10 percent selling fee it charged sellers and shifting the cost to buyers, who will now pay roughly 5 percent extra at checkout, the platform confirmed. The move follows a pattern Vinted set years ago: kill the seller fee to flood the marketplace with supply, then recover the take rate on the buy side where price sensitivity is lower.

July 1, 2026

Vinted keeps hinting at an IPO, and keeps not needing one

Vinted Marketplace CEO Adam Jay told CNBC the company is comfortable with its current investors and declined to set a timeline for a public listing. The subtext matters more than the non-answer: Vinted is cash-positive and just raised nearly a billion euros privately, so it faces little pressure to list on anyone else’s schedule.

July 1, 2026

Vinted math: 21.6 billion euros saved, 72 percent below retail

Vinted users saved 21.6 billion euros against retail prices in 2025, paying on average 72 percent less than the original price, according to the company’s 2025 Impact Report. Vinted has coined the phrase Vinted math for buyers who factor resale value into what they pay for new goods.

June 18, 2026

Vinted GMV jumps 47 percent, but profit slips on the buildout

Vinted grew gross merchandise value 47 percent to 10.8 billion euros in 2025 and lifted revenue 38 percent to 1.1 billion euros, according to figures reported alongside its CNBC interview, even as net profit fell 19 percent. The profit dip is deliberate: the company is spending on logistics through Vinted Go and payments through Vinted Pay, plus a US push.

October 24, 2024

Vinted reaches a 5 billion euro valuation in a TPG-led secondary

Vinted closed a 340 million euro secondary share sale at a 5 billion euro valuation, led by the US private equity firm TPG with backing from Baillie Gifford, according to TPG and multiple reports. A secondary sale means existing shareholders and employees cashed out; the company raised no new primary capital, a signal it did not need the money.

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