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Jet

Experience smart shopping with access to countless products across a vast array of categories.

Founded 2014 5001-10000 employees Venture round Total: $570.00M E-Commerce, Retail +1

General Information

Company Name Jet
Founded Year 2014
Employees 5001-10000
Industries E-Commerce, Retail, Marketing
Funding Stage Venture round
Social

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About Jet

Jet is an intelligent shopping platform providing access to a wide range of products from various retailers, spanning diverse categories such as household products, health and beauty, groceries, electronics, and more. Founded in 2014 by Mark Lore, Mike Hanrahan, and Nate Faust, Jet is headquartered in Hoboken, New Jersey. The company operates as a subsidiary of Wal-Mart Stores since September 19, 2016. In November 2015, Jet received a significant $350.00M Venture Round investment from prominent investors including Forerunner Ventures, Bain Capital Ventures, GV, Norwest Venture Partners, Alibaba Capital Partners, Fidelity, and Palm Drive Capital.

Jet's innovative approach to e-commerce and retail, along with its backing from major venture capital firms and strategic partnership with Wal-Mart Stores, positions the company as a formidable player in the industry. With a robust platform that offers access to countless products across a vast array of categories, including niche markets like arts and crafts and pet supplies, Jet has the potential for significant growth and impact within the market.

The substantial $350.00M Venture Round investment in November 2015 underscores the confidence that leading investors have in Jet's business model, long-term vision, and potential for disrupting the traditional retail landscape. This injection of funds provides the company with ample resources to capitalize on its platform's intelligence and appeal, solidifying its position as a key player in the evolving e-commerce and retail sectors.

Business keywords: technology, shopping platform, online shopping, household products, electronics, grocery, pet supplies, home and furniture, apparel, smart shopping, shopping experience, digital marketplace, consumer goods

Funding Rounds & Investors (5)

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Funding Stage Amount Investors Lead Investors Date
Venture Round $350.00M 7
Bain Capital Ventures, GV +5
24 Nov 2015
Series B $140.00M 3
Citi Ventures, GV +1
11 Feb 2015
Series A $20.00M -
16 Sep 2014
Debt Financing $5.00M -
16 Sep 2014
Series A $55.00M -
29 Jul 2014

Jet Alternatives & Competitors

View All Alternatives
Jet vs
Hollar
Hollar United States

Hollar is the ultimate mobile destination for cool products at incredible deals starting at $2. Feat...

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29 employees
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Jet vs

Pakistan's Leading Online Shopping Store

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Jet vs
TheMarket.com
TheMarket.com New Zealand

4.5m+ products from over 8k brands, 1,100 merchants for Kiwi's to get it all done, no matter what th...

53 employees
E-Commerce, Retail

FAQ About Jet

Experience smart shopping with access to countless products across a vast array of categories.
Jet was founded in 2014.
Jet operates in E-Commerce, Retail and Marketing. Its work centres on technology, shopping platform, online shopping and household products.
Jet has approximately 5001-10000 employees.
Jet has completed 5 funding rounds, raising a total of $570.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Jet include Hollar, Kaiam Online Shopping, TheMarket.com, Fiyatsor, Jebelz.com. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Jet and Hollar are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Jet, https://www.bouncewatch.com/company/jet, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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