Fab Acquires Longtime Tech Partner True Sparrow of India

Fab.com has acquired Pune, India-based True Sparrow, which had been working exclusively with the fast-growing e-commerce site since the company’s start. Terms of the deal weren’t disclosed, but Fab said it paid a mix of cash and stock to bring the two companies together. The Economic Times of India is reporting that the deal marks the first time a U.S.-based e-commerce company has bought an Indian technology start-up, although it also said Groupon acquired a start-up there in 2011.