Yu, a subsidiary of India's second largest smartphone maker Micromax, unveiled its first 4G device 'Yureka' for Rs 8,999.
    
The 4G device features Qualcomm Snapdragon 615 octacore processor and 64-bit multi-core CPU, 5.5-inch HD IPS display, and 2GB RAM, 16GB ROM, 12.5GB memory (for apps and mass storage and expandable upto 32 GB), 13MP rear and 5MP front camera and 2,500 mAh battery.

Focussed on the fast growing segment of tech enthusiasts, the handset is the first device to be launched by Yu with Cyanogen OS.
     
Based on Android operating system, CyanogenMod offers features and options not found in the official firmware that is distributed by most mobile device vendors.
    
Yu will work directly with developers' community and brands to build services right on the OS layer and offer a differentiated consumer experience, he added.
        
According to research firm IDC, the smartphone market in India grew at 84 percent year-on-year in the quarter ended June 2014 to 18.42 million units from 10.02 million units (in April-June 2013 quarter).
    
Korean handset maker Samsung led the smartphone market with 29 percent share, followed by Micromax (18 percent), Karbonn (8 percent) and Lava (6 percent).