SoftBank-led funding pegs valuation of e-commerce firm fabric at $1.5b

SoftBank-led funding pegs valuation of e-commerce firm fabric at $1.5b

E-commerce tech platform fabric said on Thursday it has reached a valuation of about $1.5 billion after a new funding round led by Japan’s SoftBank, as the company looks to cash in on the pandemic-fueled surge in demand for online shopping.