📺 Stream EntrepreneurTV for Free 📺

This Reliance-owned Deep-Tech Start-Up Wants To Bring Mixed Reality To the Masses Even as technologies such as augmented, virtual and mixed reality becoming the new buzzwords in the start-up ecosystem, India hasn't seen a steady adoption of these among the masses. Tesseract wants that to change.

By Debroop Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Imagine playing cricket inside a tiny room with glass windows. The rules would be such that hitting a six could end up in you paying up for a broken window pane.

Now, imagine if the ball was virtual and would behave the exactly the same way as a real one, except it can't break a real glass. That's what mixed reality is all about wherein the real and virtual worlds exist and interact simultaneously.

A start-up based in Mumbai plans to bring this cutting-edge technology to the masses.

Tesseract, which was acquired by conglomerate Reliance Industries earlier this year, was founded in 2015 by Kshitij Marwah. Its first product was a 360 degree camera to capture content for virtual reality.

Manufacturing Hardware

Even though the idea and designs were in place, the difficult part was manufacturing the end product.

"You need to have a premium looking product that you can actually go out and sell to your first set of clients", said Devesh Jain, lead architect for augmented reality at Tesseract.

But for a start-up that was then bootstrapped, getting a premium looking product was a big challenge, he said. "The thing with making anything look premium is that you need to go to these local manufacturers, spend lakhs of rupees and they make you 10,000 units."

Considering that they were just starting, such a big investment seemed unlikely for Tesseract, Jain said, speaking on the sidelines of Unite India 2019 held in Kochi last week.

So, the company went to small manufacturers, convincing and pushing them to help them through their little experiment. And it worked.

"Over the four years, that's how we have been able to keep our manufacturing costs low," he said.

One Size Doesn't Fit All

The company is in the process of creating a suite of devices, aimed at catering to multiple sectors.

"What we believe is that there's not one single device that fits it all," Jain said, explaining that a regular lifestyle use product would need to be designed very differently from something made specifically for something like education or healthcare.

Instead of creating a simple device, Tesseract wants to develop the entire ecosystem. It is also developing its own operating system that would allow cross-device functionality.

To the Masses

One of the earliest decisions the company made was to make the technology accessible to the masses and for that, they needed to come up with products that are available at affordable prices.

"The core idea was that for India, we do not want a $1,500 headset...we wanted something that could be around $100," Jain said.

Debroop Roy

Former Correspondent

Covering the start-up ecosystem in and around Bangalore. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.
News and Trends

Magenta Mobility And Kuehne+Nagel Partner To Electrify Road Logistics In India

In the initial phase of this partnership, Magenta Mobility will deploy electric vehicles for Kuehne+Nagel's logistics operations across India.

News and Trends

Godrej Jersey To Expand Its Retail Presence and Parlours Across India

Company's goal is to become a prominent retail brand by offering products catering to various economical sizes making it accessible across India

News and Trends

Former BharatPe COO Dhruv Dhanraj Bahl Launches INR 120 Cr Maiden VC Fund

The fund seeks to create a diverse portfolio of "solutions for the future" and intends to invest in 40 start-ups over the course of the next three years, ranging from seed to pre-series A.

News and Trends

ICCT To Lead EV Taskforce For E-Trucks In India

ICCT along with the MHI will engage with stakeholders through workshops and stakeholder meetings to gather their insights and recommendations on various aspects of e-truck adoption and related infrastructure development.

Finance

Avanti Finance: The Micro Loans Lender

With support from some of the biggest names in Indian business, including Ratan Tata and Nandan Nilekani, Avanti Finance was founded in 2018 with the goal to provide timely, reasonably priced financial services to the next 100 million underserved or underprivileged households.

News and Trends

Election Essentials: 4 Websites to Identify Deepfakes and Fake News During India's 2024 Elections

With deepfakes expected to be a major part of the election season worldwide, voters should do their due diligence prior to believing or sharing news