Facebook has reportedly been busy carrying out a series of negotiations to acquire a Bangalore-based app crash testing startup, Little Eye Labs. The thrust of its efforts points in the direction of its first Indian acquisition. Even Twitter has shown an interest in the Indian market for startups.
Mark Zuckerberg has displayed admiration for Little Eye Labs, a product company based in Bangalore. In fact, Facebook wants to acquire this gem of an organization. The discussions are going on regarding a merger between the two. And the entire world will get to know about the outcome of the parleys a few weeks from now.
This will be the first such foray by Facebook into the Indian market. Part of the responsibility for this transaction goes to iSpirt, an Indian think tank, which brokered the deal. As for Little Eye Labs, it creates functional analysis and surveillance paraphernalia. It especially helps pinpoint and repair issues that Android app developers face.
Both organizations are mum about the much-talked about deal. Little Eye Labs was formed last year by a series of Apple and IBM renegades. It has seven employees so far. Towards the beginning of 2013, Little Eye Labs received $150,000 from GSF. If everything goes according to plan, it will be a big booster shot in the arm for Indian business.
India has emerged as a major player in the field of products that the world values. Like Israel, it too has a technological edge that makes it the favorite choice of many large firms. Meanwhile, Twitter too has expressed a liking for another Bangalore-based startup by the name of Frrole. It looks like India may just have hit the global jackpot.