Corporate-backed e-commerce company Fab.com is in talks with a number of prospective buyers over an acquisition, CEO Jason Goldberg confirmed to Forbes last week.
“We have had a lot of inbound interest in the valuable Fab brand and assets,” Goldberg said in an e-mail. “We are currently evaluating such inquiries. We have no comment on the status of those discussions.
”As point of fact, we are not shopping Fab around and we have not hired any bankers or agents.”
Founded in 2011, US-based Fab operates as a marketplace for designers to sell their creations online.
Fab secured $165m in series D funding over the course of 2013 from internet company Tencent, conglomerate Itochu, Docomo Capital, which acts as the corporate venturing unit for telecommunications company NTT Docomo, Atomico, Andreessen Horowitz, Menlo Ventures, RTP Capital, Pinnacle Ventures and Lars Hinrichs.
The company, which has received approximately $325m in total funding, raised the money last year at a $1bn valuation.
However, an analyst told Forbes that it could be valued at as little as between $100m and $150m today, its value dropping after it shifted its business model away from flash sales to traditional e-commerce and cut its staff by half while key executives have left the company.