Earlier in the month of December news of Facebook seeking to acquire Indian Mobile Performance Analysis firm was reported. Now TechCrunch has reported that Facebook is set to acquire an Indian startup and Bangalore based Little Eye Labs in a deal valued between $10 million and $15 million. Little Eye Labs was founded in May 2012 by Giridhar Murthy, Kumar Rangarajan -CEO of the company, Satyam Kandula, and Lakshman Kakkirala.
Little Eye Labs builds performance analysis and monitoring tools that identify and fix performance problems for Android app developers. According to TechCrunch, Facebook’s acquisition of the Indian startup would mean a lot for the one-and-a-half years old company, which also pitched to Twitter but the social networking giant offered a better deal. Reported also stated via sources who are aware of some details about this proposed acquisition said that if the deal closes, most of the Little Eye Labs’ founding team will move to Facebook’s U.S. headquarters, and work there as part of the mobile engineering team.
The Little Eye founders — Kumar Rangarajan, Satyam Kandula, Lakshman Kakkirala and Giridhar Murthy, all worked together previously at IBM. In March of this year, the startup raised seed funding of around $300,000 from GSF and Venture East. Deal is expected to be announced by mid-January.