FabFurnish competes with well-funded startups such as Urban Ladder, Pepperfry and Livspace besides horizontal e-tailers like Amazon, Flipkart and Snapdeal. This would be Rocket Internet's maiden exit from an Indian portfolio firm.
"The company has agreed to acquire the entire equity shares of FabFurnish.Com, owned and operated by BEPL, as per the terms and conditions agreed under the share purchase agreement," Future Retail said in a BSE filing.