Times Internet has made a “7-figure” investment in New York-based e-commerce company Fab.com. As part of this investment, Fab will work with Times Internet to explore and execute its India market strategy.
Investors in Fab.com include A Grade Investment, Andreessen Horowitz, Atomico, Baroda Ventures, Cinco Capital, Docomo, First Round Capital, Mayfield Fund, Menlo Ventures, Pinnacle Ventures, Phenomen VC, RTP Ventures, SoftTech VC, SV Angel, VTB Capital, The Washington Post Company and Zelkova Ventures.
From the Venture Intelligence M&A Deal database: In Nov-12 Fab.com had acquired True Sparrow Systems.
Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.