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Amazon.com Rival Jet.com Raises $140 Million in New Funding

Jet.com Inc. raised $140 million in a new funding round before rolling out its service, building up its cash hoard to take on rival Amazon.com Inc.

The financing, led by Bain Capital Ventures, adds to the $80 million that Jet previously raised. The round includes new investors such as Google Ventures, Goldman Sachs & Co. and Norwest Venture Partners.