Who is the owner of YU Televentures India, full Wiki, Startup, and Company description? To know more about India,s Smartphone company profile details, Know about YU Televentures. Here you can find the full company Profile and Wiki of the subsidiary company, YU Televentures.
Yu Televentures is a subsidiary of Micromax Informatics Pvt Ltd. India’s largest smartphone maker launched this sub-brand as an online-only venture. Yu makes affordable Android smartphones, sold in flash sales on popular Indian e-commerce websites. The company also makes a fitness tracker and a health device that monitors vital parameters such as blood pressure.
The report suggests that launching the Yu Brand was not a unanimous decisions as one of the members of decision-making body at Micromax on condition of anonymity said, “It was a wrong and whimsical decision at the first place and none of the founding members of Micromax, except Rahul Sharma was in favour of carving out another brand from Micromax.”
About The owner of YU Televentures
Rahul Sharma is an Indian businessman, founder of YU Televentures, and the co-founder of Micromax Informatics. Rahul Sharma holds a bachelor’s degree in commerce (BCOM) and mechanical engineering and also attended the Owner/President Management program course at Harvard Business School.
Sharma had said that this is a completely different venture, it is a different company. The founder of both companies and that holds a 100 percent owned subsidiary of Micromax.
- Some Information About The Company / Company Wiki
|Company Name||YU Televentures|
|Founded||18 December 2014|
|Headquarters||Gurgaon, Haryana, India|
Company official Logo
Bio of the owner of YU Televentures(Wiki)
Vishal has a rich blend of entrepreneurial and professional experience. In his last stint at Airtel Rajasthan before co-founding Lava International, he led the business to a dominant 45% revenue market share in a multi-player industry. He has claimed previously that XOLO will triple its current revenue to touch $1 billion by 2016-end, but here he is talking about what he loves about tech and which gadgets get him going.
Details of the Company
YU Televentures, Indian consumer electronics brand, was created on 18 December 2014 as a joint venture between Cyanogen Inc and Micromax Informatics Limited. Also, YU holds official Cyanogen OS rights in India. Micromax co-founder Rahul Sharma owns a 99% controlling stake in YU. While the remaining 1% is held by two other co-founders, Vikas Jain and Sumeet Arora.
YU Televenture’s first mobile phone was called the ‘YU Yureka‘, ran on the Cyanogen OS, and was released in January 2015. It was designed by the chief engineer Ayush Kumar and is powered by a 64-bit Snapdragon 615 SoC alongside 2GB DDR3 RAM. It has an MSM8939 LTE Chipset and integrated Adreno 405 GPU @550Mhz. Yureka launched the Cyanogen OS 12 based on Android Lollipop 5.0.2, which allows users to customize their phones. Amazon has discontinued sales of the YU Yureka. Still available in Flipkart.
Micromax is going to shut down Yu – launched in 2014 specifically for consumers who buy smartphones online. And also take on the dominance of Chinese players in the online space. Revealed by a news report of teleoanalysis.