Jet, looking to go toe-to-toe with Amazon, is reportedly raising $500 million on a $1 billion pre-money valuation. Fortune reports that Fidelity is leading the round, which has been rumored for quite a while and which Jet has previously confirmed was in the works. Jet is an ecommerce platform that was founded by Marc Lore, who sold his last ecommerce business Quidsi to Amazon for $545 million… Read More

Source: Tech Crunch