Facebook acquired Bengaluru-based Little Eye Labs for 90 crore rupees on 7 January 2014. It has become the first Indian and the third Asian company to be acquired by Facebook. Facebook is the world's largest social networking site.
Little Eye Labs was founded in May 2012 by Giridhar Murthy, Kumar Rangarajan, Satyam Kandula, and Lakshman Kakkirala.
Kumar Rangarajan is the current CEO of Little Eye Labs.
Little Eye Labs, a company that develops a tool to helps Android app developers to measure, analyse and optimise Facebook apps.
The acquisition is expected to help the overall mobile strategy of Facebook with a technology that could help track and improve the performance of Facebook Apps.
This is one of the most high profile acquisitions involving an Indian product start-up. It is a development that could go a long way in boosting the confidence of the fledgling tech newbie.
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