Investors bet that start-up Jet will soar

13th of February 2015

©BloombergBuilding an ecommerce company that can stand up to the might of Amazon is hard, as Marc Lore, founder of, has already discovered.But some of Silicon Valley’s top venture capitalists are making a very big bet on his new start-up, Jet, in the hope that its unusual business model is just what it takes to build the next multibillion-dollar ecommerce brand.Jet said this week that it had sealed a $140m funding deal led by Bain Capital Ventures, with additional funding from more than a dozen other investors including Goldman Sachs, Google Ventures and Temasek. The funding values Jet at around $600m, before it has even launched.

Financial Times