Micromax's sub-brand Yu Televentures released a teaser earlier this month about how it would "redefine flagships" with its upcoming phone. The handset — called Yunicorn — is now official for ₹12,999 ($200), and as you'd imagine there's nothing to justify the flagship moniker.

Yu Yunicorn

Down to the basics: The Yunicorn offers a 5.5-inch Full HD display, and is powered by a MediaTek Helio P10 SoC, with eight Cortex A53 cores clocked up to 2.0GHz. There's the aforementioned 4GB of RAM, and 32GB internal storage. The 13MP camera at the rear can take 1080p videos, and there's a 5MP camera up front. You also get LTE connectivity, a fingerprint scanner, and a 4000mAh battery.

Coming to the software side of things, the Yunicorn runs Android 5.1.1 Lollipop with the vendor's poorly-named custom interface "Android On Steroids" running on top. Yu claims that AOS will be similar to stock Android, with a few added tweaks such as quick toggles for easy access to music, a "premium UI, integrated search bar, and no bloatware."

For those interested, the Yu Yunicorn will be up for sale later today exclusively on Flipkart. The Yunicorn won't redefine any flagships, but it looks like a decent offering in the budget segment, until you come to the part where it isn't running the latest version of Android. It's been eight months since Marshmallow made its debut, and there's no excuse to put out a phone in mid-2016 with Android 5.1.1 Lollipop. For your money, you're better off buying the Moto G4 Plus.