"We understand it is going to be a hard task for us to gain traction. Hence, we have kept very conservative number to sell two hundred thousand units by the end of 2017," Okwu Managing Director and CEO Anshuman Atul said after the unveiling of the brand and mobile devices.
"We plan to focus on IoTs as well, which will differentiate us from others."
The company unveiled its first dual SIM 4G VoLTE smartphone 'Pi' with 5-inch display, 8 megapixel rear and 2 MP front camera for Rs 5,999.
The company also unveiled its first bluetooth-enabled IOT device 'U-Tag', priced at Rs 990, which can alert users if they move a certain distance without the device connected to it.
"U Tag will help track your device and belongings in case of theft or any situation where one has left tagged belongings. The phone will also keep uploading its location to the server which will track its location without overwriting the previous location," Okwu Chief Operating Officer Arjun Gupta said.