In 2019, a second-hand fashion company called Vinted became Lithuania’s first tech unicorn when they raised 128 million euros of funding with a valuation of one billion euros. This level of growth meant they started to look for an ERP solution that would better suit their needs and scale with their growth. After comparing different options, they chose NetSuite, a flexible cloud-based solution. Staria was chosen to implement it, and the collaboration between the companies has grown to be a very close one ever since.
Vinted was founded in 2008 in Vilnius, Lithuania, and offers a peer-to-peer mobile experience for users to sell, buy and swap secondhand clothing. Over the last few years, Vinted has become Europe’s largest consumer to consumer marketplace dedicated to secondhand fashion. It has over 45 million users and is used in 15 different countries, including North America. Today, more than 1000 dedicated people are working at Vinted to make second-hand fashion the first choice.
Before NetSuite was implemented, Vinted was comparing various ERP solutions. It was crucial to find a solution that would grow with their business and be user-friendly at the same time.
Another company was using NetSuite, and the discussion with them encouraged Vinted to learn more about NetSuite and contact Staria.
– One of the major benefits of NetSuite was that it is a scalable cloud-based ERP solution. After seeing the NetSuite demos, we knew that we have found the right system for us. After choosing the solution, we were looking for a partner to implement it. Our goal was to find an experienced local partner in Lithuania, explains Vinted’s Senior Director of Finance Marija Buivydaitė.
– Staria’s local readiness and active approach impressed us. They were also developing NetSuite localization for Lithuania which helped with our partner choice. Because they were responsive from the start, we decided to partner with them, ads Buivydaitė.