Rocket Internet had been in talks with Future Group to sell off homeware marketplace FabFurnish since February and has now closed the deal for up to $3m.
FabFurnish, an India-based homeware marketplace backed by e-commerce group Rocket Internet, is set to be acquired by retail operator Future Group for Rs150m to Rs200m ($2.3m to $3m), LiveMint reported yesterday.
The size of the transaction, which is expected to close within a fortnight, has not been officially confirmed. Future has disclosed that it plans to pay Rs 4.86 per share but did not reveal the total number of shares, according to VCCircle.
Founded in 2012, FabFurnish sells a range…
