Times Internet, the digital arm of The Times of India Group, has made a 7-figure investment in Fab.com. Led by CEO Jason Goldberg, Fab.com claims to have over 10 million registered users and is the fastest growing e-commerce company in the world today. Since its launch in June 2011, Fab.com has raised over $150 million from investors.
In his blog, Jason Goldberg, Founder & CEO, Fab.com said,”As a part of this investment, Fab will be working with Times Internet to explore and execute on our India market strategy in the coming years.” He added that the investment was fostered by Satyan Gajwani, Times Internet Group CEO.
Besides Fab.com, Times Internet has also invested in Zipdial,MensXP,ZopNow, Delhivery, Instamedia, Affle and Net Carrots.