For instance, wearable devices like Sony SmartWatch, LG Watch Phone, Samsung Cell-Phone Wristwatch and Nike+Fuelband were some of the popular ones. But none of them turned out to create a new space in the market.

The story of the device named to be ‘Androidly’ is quite interesting. "We have all been friends for years now and would hang out at Rajinder da Dhaba a lot. I was a member of my college student council then and was getting a lot of calls regarding the college fest. That day, my phone rang at a time when my hands were dripping with chicken curry. And I just couldn't retrieve it from my pocket," says Puri, who had been working two jobs in Melbourne during the development stage of the Smartwatch.

Hailing from middle-class backgrounds, the youngsters started their own company will little help from home. Currently, they are on the process of finding investors to have a close contact with Chinese manufacturers.

Read more: 10 Biggest Selling Electronic Devices In The World