Facebook in talks to buy Indian company


Facebook seems all set to make its first Indian acquisition. The social media giant is in talks to buy Bangalore-based product start-up Little Eye Labs, according to a news report in Business Standard.

Founded in May 2012, Little Eye Labs develops a mobile app crash testing service. "Performance analysis and diagnostic tool for Androiddevelopers, providing insights into battery, data, memory and more," is how the company describes itself on its Twitter account.

Little Eye Labs team comprises Kumar Rangarajan, Satyam Kandula, Lakshman Kakkirala, Giridhar Murthy, Aditya Kulkarni, Gaurav Lochan, Satheesh Anbalagan and Srikant Sahay.

Earlier this year, the company received funding between $100,000 and $20,000 from early-stage start-up incubator GSF Accelerator.

The Indian Software Product Industry Round Table iSpirit is said to be facilitating the deal. iSPIRT is widely seen as a parallel to Indian software industry body Nasscom.

In October, Facebook bought Israel-based mobile data analytics company Onavo.

Both Facebook and Little Eye Labs reportedly refused comment on the deal.

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