Netbit, initially a software firm, started by ex-Google and HTC employees is now aspiring to unveil a premium smartphone on the 1st of September 2015. This company is backed by Google Ventures and is headed by Tom Moss and Mike Chan, ex-Google employees who were part of the core-Android team at Google. The design chief of Netbit is an ex-HTC employee named Scott Croyle, who was an important part of the industrial design team behind the HTC One and the M8.

This startup aims to create a smartphone priced between $300 to $400, which is approximately between Rs.20,000 to 26,000. Reports suggest that it is looking to offer a phone that will gradually improve over time by [...]