Reports of new fund-raising for e-commerce site, already backed by corporate venturing units including The Times of India Group, value it at $1bn.
Fab.com, a US-based design retailing website backed by investors including the India-based media company Times of India Group, Washington Post Company, Docomo, VTB Capital and RTP Ventures, is reported to be raising $250m to $300m in a new round of funding, which would give the company a $1bn valuation. The new round is expected to close by mid-June.
Fab.com has already raised around $171m. In December 2012, Times of India Group invested an undisclosed sum of at least $1m. In…
