# Jet.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jet-com

- Industry: Consumer Products
- Headquarters: Hoboken, US
- Website: www.jet.com
- Total disclosed funding: $397M
- Latest round: Series B (Nov 24, 2015)
- Investors on record: 8

## About

Jet.com is an e-commerce platform that offers a wide range of products, emphasizing competitive pricing and savings for consumers through innovative shopping experiences.Jet.com is an online retail company founded in 2014 and headquartered in Hoboken, US. It focuses on providing various goods through a unique e-commerce model. In August 2016, Walmart announced a definitive agreement to acquire Jet.com for USD 3 billion in cash, alongside additional USD 300 million in Walmart shares to be paid over time. The acquisition was finalized in September 2016. The company was founded by Miguel Estupiñán, who has a history of entrepreneurship in the tech sector. Jet.com has secured a total amount raised of USD 3,300.00 mn through 6 funding rounds, with the latest being a Trade Sale in August 2016.Jet.com offers a diverse range of products focused on retail and e-commerce. The primary offerings include school supplies, clothing, electronics, groceries, and household goods. The platform aims to provide affordable options to meet everyday consumer needs, ranging from essentials like Millie Moon diapers to tech gadgets. Jet.com addresses varied use cases, including back-to-school shopping and grocery delivery through its Walmart+ subscription service, catering to a broad customer demographic across the globe, including regions such as the United States, Canada, and Mexico.Jet.com generates revenue primarily through direct sales to consumers leveraging both online platforms and retail sales. The transaction structure encompasses retail sales of individual items, subscription services like Walmart+, and collaborations with suppliers for product promotion. Customers can purchase school supplies starting at USD 0.25, with fashion items priced from USD 13. The incorporation of bulk purchasing options and promotional discounts further contributes to Jet.com's revenue generation.The acquisition by Walmart in September 2016 positions Jet.com for future expansion and product development. While specific upcoming products have not been disclosed, the integration within Walmart's vast distribution network suggests potential for an expanded product line and enhanced logistical capabilities. Jet.com aims to penetrate more markets within North America and possibly explore international opportunities in Asia by 2025. The strategic use of recent funding will facilitate these initiatives, ensuring Jet.com capitalizes on Walmart's resources to enhance its service offerings and market reach.

## Funding rounds

- Series B, Nov 24, 2015, $350M — Bain Capital, Fidelity Investments, GV, Alibaba Group
- Series A, Mar 10, 2015, $5M — Western Technology Investment
- Series A, Jul 29, 2014, $42M — Accel, New Enterprise Associates, Bain Capital, MentorTech Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- MentorTech Ventures (https://capitalatlas.ai/funds/mentortech-ventures) — Series A
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series A
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B
- Alibaba Group — Series B