Social commerce site, Fab.com which recently acquired Pune based Sparrow has announced that the company has raised funding from Times Internet group.

As part of this investment Fab will be working with Times Internet to explore and execute the India market strategy in the coming years.

Fab has raised over $150 million from investors since we launched in June, 2011. The support from our investors is a big reason why we have been able to rapidly establish Fab as the worldwide leader in everyday design. More than 10 million people in 26 countries turn to Fab to discover everyday design products at great prices, to connect with the world’s most exciting designers, and to share their favorite design inspirations. [Betashop founder, Jason Goldberg]

Times Internet new CEO, Satyan Gajwani has been bringing fresh perspective to the group (read: Internet 101: Satyan Gajwani’s Quora episode) and the company recently made its first ever acquisition, MensXP.