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Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users globally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The RealReal (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

How Lithuanian Startup Vinted Spun Secondhand Clothes Sales Into Gold | Forbes

⏲ 5:56 👁 1M

Wahidur's Creations

Salman Khan, Rani Mukherjee, Preity Zinta Best Movie Scene |Latest Bollywood Hindi Movie

⏲ 12 minutes 46 seconds 👁 482

YRF

Deleted Scene:3 | Mardaani | Shivani & Bikram Discuss Pyaari's Adoption | Rani Mukerji

⏲ 1 minute 56 seconds 👁 5M

कैंसर आज के समय की एक बड़ी और गंभीर बीमारी है। इस बीमारी के मरीज दुनियाभर में तेजी से बढ़ रहे हैं। कैंसर की सही समय पर पहचान होने से मरीज की जान बचाई जा सकती है। ज्यादातर लोगों में कैंसर की पहचान तीसरे या चौथे स्टेज में होती है। इस समय में बीमारी शरीर में गंभीर रूप ले लेती है, जिसकी वजह से इलाज में परेशानियां आती हैं। कैंसर के इलाज में कीमोथेरेपी का सहारा लिया जाता है। कीमोथेरेपी में कैंसर की बीमारी को जड़ से खत्म करने के लिए इलाज किया जाता है।<br/> <br/>Cancer is a big and serious disease of today's time. Patients of this disease are increasing rapidly all over the world. The patient's life can be saved by timely identification of cancer. In most people, cancer is diagnosed in the third or fourth stage. During this time, the disease becomes serious in the body, due to which there are problems in treatment. Chemotherapy is used in the treatment of cancer. In chemotherapy, cancer is treated to eliminate it from its roots. <br/> <br/>#PreventiveChemotherapy, #PreventiveChemotherapyTreatment,#PreventiveChemotherapyCancer #PreventiveChemotherapyTreatmentVideo<br/>~PR.266~ED.118~

Preventive Chemotherapy Kya Hoti Hai |Preventive Chemotherapy Treatment, Process & Cost...

⏲ 3:52 👁 905K

Viacom18 Studios

Aiyyaa | अय्या | Scene 1 | Rani Mukherji | Viacom18 Studios

⏲ 8 minutes 26 seconds 👁 145.8K

YRF

Mardaani 2 | Official Trailer 2 | Rani Mukerji | Vishal Jethwa | Gopi Puthran

⏲ 2 minutes 20 seconds 👁 6.7M

Rakul Preet Singh and Jackky Bhagnani are emerging as a prominent and endearing couple in Bollywood. Ever since tying the knot, they have consistently served major couple goals. The couple was recently sighted at the airport, capturing attention with their presence. Particularly notable was Jackky Bhagnani's sweet gesture as a protective husband that is rapidly going viral.<br/><br/>#rakulpreetsingh #jackkybhagnani #couplegoals #powercouple #trending #viralvideo #entertainmentnews #newlyweds

Jackky Bhagnani turns Protective Husband to Rakul as fans Flock for Selfies

⏲ 2:7 👁 790K

Netflix India

Rani Mukerji Pleads For Her Children | Mrs. Chatterjee vs Norway | Netflix India

⏲ 2 minutes 23 seconds 👁 37.6K

Netflix India

Rani Mukerji TOUCHING Interview Scene In #Black Feat. Amitabh Bachchan

⏲ 3 minutes 48 seconds 👁 40.3K

Priyanka, Kangana To Rani Mukerji, Bollywood Actresses Who Do Experiment With Saree

Priyanka, Kangana To Rani Mukerji, Bollywood Actresses Who Do Experiment With Saree

⏲ 3:28 👁 3.4M

Viacom18 Studios

Aiyyaa | अय्या | Scene 2 | Rani Mukherji | Viacom18 Studios

⏲ 9 minutes 49 seconds 👁 97.2K

Viacom18 Studios

Aiyyaa | Scene 1 | अय्या| Rani Mukherji | Viacom18 Studios

⏲ 8 minutes 58 seconds 👁 85.8K

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