How Facebook bought India's Little Eye Labs

Kumar Rangarajan (pictured) is a first time entrepreneur. His company, Little Eye Labs, launched in August 2012, has amazing idea in the making of better Android apps. Little Eye is a performance analysis monitoring tool that can help identify and fix performance problems.

Little Eye also helps in detailing usages of power, data, CPU, memory and disk space by an application with enablers for in-depth understanding of the functions.

Little Eye was acquired by Facebook about two months ago. According to market estimates, the company was bought out for $10-15 million. Kumar's company is now a fully-owned subsidy of Facebook.

The first thing Kumar had to say about his business was primarily into building tools and program analysis. "The idea that one app can be used to test another app is just fascinating", he adds.

He believes that their product is for the developer not for the end user. They have set up performance score based on standard good practices.

Making it big has never been a child's play. Kumar admits long hours at work finally paid off. "Here you completely understand the reason for everything you do therefore you end up doing a lot more voluntarily."

His flight to success began with the Google I/O (Google's Developer Conference) where his company had set up a stall to promote the services. It was there that the company met with Facebook executives.