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.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik