Facebook is not the only company keen to pick up an Indian startup currently. Post news of the social networking website displaying interest in acquiring Little Eye Labs, Twitter is reportedly now in talks to acquire another Indian startup, Frrole. The company, based in Bangalore, is a big data startup that tries to provide insights into Twitter posts after going through about half a billion of them each month. Data is collected from over 55 cities in six countries in order to aggregate content at Frrole.TechCrunch has reported that the two companies are currently exploring ways to make the deal work, according to sources. Twitter, however, has not responded to the publication’s mail asking about its interest in Frrole.
Twitter looking to purchase Frrole?
Facebook too has not commented about picking up Little Eye Labs, another Bangalore-based analytics company. The company was founded by Bangalore-based programme analysis enthusiasts, Giridhar Murthy, a former Apple employee; Kumar Rangarajan who has worked with IBM and HP; Satyam Kandula, an IIT Kharagpur alumnus and Lakshman Kakkirala, also a former IBM and Yahoo! employee. Little Eye Labs employs seven employees and has earlier received between $100,000 and $200,000 from GSF Accelerator. Sources have reportedly said “as of now there’s nothing on the table” as far as Little Eye Labs and Facebook’s reported deal goes and that these talks are pure speculation for now. The deal is being facilitated by Indian Software Products Industry Roundtable (iSpirt) and under its M&A connect programme. The firm had launched the programme’s hot-line for product companies to help them be acquired or raise funds in India. iSpirt is also reportedly working on match-making three more deals on similar lines currently.
ReadMore:Android Games
No comments:
Post a Comment