Fab is taking on The Times of India Group and its Times Internet arm as its latest investor, raising what the company only called a “7-figure investment” in the company. Other specifics were not publicized; Satyan Gajwani, CEO of Times Internet Group fostered the deal. Fab has raised more than $150 million since its 2011 inception. Other backers include Andreessen Horowitz, Baroda Ventures and Mayfield Fund.
I’m thrilled to announce today that Times Internet has made a 7-figure investment in Fab.
Times Internet is the digital arm of The Times of India Group, India’s largest media company. As part of this investment Fab will be working with Times Internet to explore and execute on our India market strategy in the coming years.
The investment was fostered by Satyan Gajwani, Times Internet Group CEO.
I have been working with Satyan for several months now and he been super impressive with his approach to innovating and growing technology businesses in India. I’m excited to work with him and his team as Fab explores the India market further.
Fab has raised over $150 million from investors since we launched in June, 2011. The support from our investors is a big reason why we have been able to rapidly establish Fab as the worldwide leader in everyday design. More than 10 million people in 26 countries turn to Fab to discover everyday design products at great prices, to connect with the world’s most exciting designers, and to share their favorite design inspirations.
I wanted to take a minute to thank all of our major investors by name (listed alphabetically). Thanks for a fantastic 2012! We are humbled by your support and belief in Fab.
A Grade Investment
First Round Capital
Times Internet, Times of India Group
The Washington Post Company