Amazon competitor Jet gets $140M in latest round of funding

Start-up company, though it hasn't officially launched yet, has received $140 million in its latest round of funding, putting its value at close to $600 million. And what is Jet founder Marc Lore, former leader of Quidsi, planning on doing with all the money? Take on e-commerce giant Amazon by offering products for delivery not as quickly as the established retailer, but at a lower price. Story