Facebook may acquire India's Little Eye for up to $15 million

Facebook is on the verge of acquiring an Indian IT start-up, Bangalore-based Little Eye Labs, in a deal valued between $10 million and $15 million, according to a report from Washington..

Bangalore-based Little Eye Labs's chief product is a software tool that helps Android app developers to measure, analyse and optimise their apps. The Little Eye tool helps visualise the app's behaviour and estimates its power, memory and network data consumption trends.

According to the publication TechCrunch, Facebook's acquisition of Little Eye would mean a lot for the 18-month-old company, which also tried to sell its product to Twitter - but Facebook offered a better deal.

The final deal is expected to be signed by mid-January, following which most of the Little Eye Labs's founding team will move to Facebook's US headquarters and work there as part of the mobile engineering team, the report added.

Twitter is also said to be in talks for its first acquisition of an India-based startup, Frrole. It is a Big Data startup that analyses tweets by Twitter users to generate insights for media, consumer and entertainment verticals.

Based in Bangalore, this company is described as a social newspaper that gets its data from Twitter. It sifts through over 10 million tweets per day and divides them into categories. The company covers data from 55 cities in six countries to aggregate content.