Jet: Clear sailing or desperation for ecommerce startup's next financing round?

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Jet.com raises $500 million from Fidelity
(Fortune)

Actually, the Wall Street Journal's description of Jet's position is that it is much more tenuous than that, and that the $500 or $550 million has not actually been committed yet.

This is a shorter version of the WSJ article on Jet, carried by Dow Jones on another site, no subscription required.

From the Journal article:

"The new round of funding would value Jet, which began operations in July, at $1.55 billion, according to people familiar with the matter. Mutual-fund giant Fidelity Investments is in talks to lead the round with a $90 million investment, according to these people. They said the financing wasn't yet closed.

When Jet began the fundraising effort in October, it had hoped for a $2 billion valuation, the Journal reported earlier. Over the summer, Jet discussed a valuation of $3 billion with investors."


Somewhat disparate views; perhaps tomorrow we'll get clearer picture.