Jet.com
E-commerceUSAClosed 2020
Total Raised
$820M
Peak Valuation
$3.30B
Employees
—
Year Collapsed
2020
Business model
Membership-style e-commerce marketplace undercutting Amazon on price through bulk-basket discounts.
In brief
Positioned as an Amazon challenger with a pricing model that rewarded larger basket sizes, Jet.com was acquired by Walmart for $3.3 billion in 2016 to accelerate Walmart's e-commerce push. After Walmart's own e-commerce operations matured and absorbed Jet's technology and talent,…
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Key facts
- Founded
- 2014
- Closed
- 2020
- Headquarters
- Hoboken, USA
- Industry
- E-commerce
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Marc Lore
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Often compared with: Amazon, Walmart.com.