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Jet.com
AddedFeb 13, 2024
UpdatedJun 18, 2026
Jet.com

Jet.com

Acquired

American e-commerce firm, Jet.com, co-founded in 2014, became a Walmart subsidiary in 2016.

HQ
Hoboken, NJ, US
Founded
2014
Overview
M & A
Compare
Fundraising
Employees

Jet.com was an American e-commerce company co-founded in 2014 by Marc Lore, Mike Hanrahan, and Nate Faust. Headquartered in Hoboken, New Jersey, Jet.com aimed to revolutionize online shopping by offering competitive prices through dynamic pricing algorithms and bulk purchasing incentives. The company officially launched its website in July 2015, targeting cost-conscious consumers looking for a wide range of products from groceries to electronics. Jet.com’s core mission was to create a more efficient and cost-effective online shopping experience.

Jet.com attracted significant investment, raising $820 million from prominent investors including GV, Goldman Sachs, Bain Capital Ventures, Accel Partners, Alibaba Group, and Fidelity. In September 2016, Walmart acquired Jet.com, integrating its innovative technology and business model into Walmart's e-commerce strategy. Key figures like Marc Lore continued to influence the broader Walmart e-commerce initiatives. Despite its closure in June 2020, Jet.com's impact on the e-commerce landscape remains through its contributions to Walmart's digital growth and competitive positioning against other major online retailers.

Jet.com - M & A Snapshot

Open M & A

  • Walmart

    Acquired Jet.com • $3.3B • Sep 19, 2016

Jet.com - Quick Facts

When was Jet.com founded?

Jet.com was founded in 2014.

Where is Jet.com's headquarters located?

Jet.com's headquarters is located in Hoboken, NJ, US.

When was Jet.com's last funding round?

Jet.com's most recent funding round was for $3.3B (USD) in August 2016.

How much has Jet.com raised to-date?

As of Aug 8, 2016, Jet.com has raised a total of $3.9B (USD).

Jet.com - Classification

Ownership
  • Equity
  • Venture Capital
Technology
  • Analytics
Geographic Exposure
  • United States
Revenue
  • Transactional
Customer
  • Consumers
Main Product
  • Ecommerce
  • Retail
NAICS
  • 440000Retail Trade
SIC
  • 5900Miscellaneous Retail
  • 5990Retail Stores, Not Elsewhere Classified
  • 5999Miscellaneous Retail Stores, Not Elsewhere Classified