New Online shopping store set for next week launch


New York: A US startup Online store, is all set to rock the online shopping market with new ways to cut prices. The website is set for launch next week.

The new online store will have at least 10 million products in a variety of categories, but dismissed the notion that it is taking on colossus Amazon.

Jet has raised nearly $200 million (roughly Rs. 1,269 crores) in venture funding and has partnerships with more than 1,600 sellers. Its model is based on finding ways to get lower prices when consumers order several items.

Consumers may see prices change while they shop if they order several items that can be delivered more economically than if they were sold separately.