Facebook buys Bangalore startup Little Eye

Facebook taps India start-up scene with acquisition of Little Eye

Facebook acquires Little Eye - an Indian startup for $15m, as reported in the FT. Now this is important for many reasons:

1. Indian startups have not been known so far as acquisition targets. So this is good for the start-up economy in India. This also means that companies will keep an eye out for new and world class products that might come out of Bangalore or somewhere else. This is seriously good. I knew there have been a lot of small product/app companies brewing up all over India, and its about time they are recognized.


2. This also means the image of the industry in India (mobile apps in particular,  IT in general)  will improve and we can think of moving out of being 'just an outsourcing' destination in another 5-10 years (my bet is it will be sooner).


3. This is good news for Android. Facebook is giving a big push to mobile, as most of its activity is generated from mobile. Android in particular is going to be big, in my opinion.

Other links: Yahoo/Reuters

Here is another article on Forbes India that lists 5 Indian startups to lookout for in 2014.

Its 2014

Another new year , and another blog post. Not just to welcome the new year but also to show my commitment (sort of) to this blog.

Bottom line - I am alive, and so is the blog.