Fab.com Acquires Casacanda

In yet another acquisition by an e-commerce portal, Fab.com acquired Casacanda, a flash sales website for design objects in Germany, Austria and Switzerland. The acquisition will bring Fab.com’s worldwide membership to more than 2.4 million members.

Jason Glodberg, Co-Founder and CEO, Fab.com, feels that Berlin is a great startup hub and that the people over there have deep rooted passion for desing and the types of products similar to those sold by them. Fab.com was founded in 2010 by Jason Goldberg, Brandford Shane Shellhammer, Nishith Shah and Deepa Shah,. The company has raised a total of $51 million in funding till date. It has also acquired FashionStake, an e-commerce company that features independent designers.