Fab Lands Major Investment from Times Internet to Boost Indian Market Growth
Design-centric e-commerce platform Fab has secured a seven-figure investment from Times Internet, the digital division of India’s largest media conglomerate, The Times of India Group. The strategic funding marks a significant step in Fab’s international expansion strategy across Asia.
Key Details of the Investment
- Investor: Times Internet, led by 27-year-old CEO Satyan Gajwani
- Purpose: Accelerate Fab’s market penetration in India
- Announcement: Confirmed by Fab CEO Jason Goldberg via his official blog post
Why This Partnership Matters
Times Internet brings substantial media influence and local market expertise to support Fab’s growth in one of the world’s fastest-growing e-commerce markets. CEO Satyan Gajwani has been vocal about diversifying the company’s digital portfolio, making Fab an ideal strategic partner.
Fab’s Global Growth Trajectory
Since its June 2011 launch, Fab has:
- Expanded to 26 countries
- Grown its user base to over 10 million
- Raised $150+ million in total funding
The company has seen remarkable sales growth, with:
- $6.5 million in weekly sales (November 2012)
- 300% year-over-year increase from $1.7 million (November 2011)
Strategic Market Focus
As reported in TechCrunch’s recent profile, Fab’s leadership has identified South America and Asia as key expansion targets. This investment validates their strategic focus on emerging markets with high growth potential.
Note: All financial figures and growth statistics are sourced from official company announcements and reputable media reports.
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