Vinted Europe’s largest online C2C marketplace for secondhand fashion has made it a mission to make secondhand fashion the first choice worldwide. The aim is to make secondhand fashion the first choice worldwide. It has 25 million members across 11 markets in Europe and currently has over 180 million secondhand fashion items listed for sale. It has gone in for a round of funding which will be used to invest in product development and to accelerate Vinted’s rapid growth across Europe. It will enable the company to double headcount in the product and technology teams, invest in technologies to continue to improve the value proposition for members, further strengthen trust, safety, and member-support services on the platform, and continue to grow and connect its strong pan-European member base.

An inflexion point has been reached in the market for secondhand fashion. Consumers around the world are becoming increasingly conscious of their buying choices. Resale platforms, also called consignment sellers, are seeing a high level of consumer engagement. In addition brands have started to realize that consignment players are helping extend the discovery, reach, and appeal of their brands. An item with a strong resale value is seen as strengthening the brand as a whole. The resale market is an excellent way to create a circular economy and reduce the environmental impact.