[3][4][5] It was established in 2016 by Anand Chowdhary, Nishant Gadihoke, and Mahendra Raghuwanshi after their product, Oswald Extension, won an event at the AngelHack hackathon in New Delhi.

[11] Oswald Labs won an award at Startup India Rocks in Bengaluru and is a part of IBM's Global Entrepreneur Program.

[14] On 8 April 2017, the organization qualified to the finals of The Economic Times's Catapoolt Changemakers Challenge after winning the first round in Delhi.

[15] On 17 and 18 June 2017, they organized BharatHacks, a hackathon to solve India-specific problems, in collaboration with DigitalOcean, IBM, the Delhi-NCR chapter of Facebook Developer Circles, HackerEarth, and other technology companies.

[27] It adds support for keyboard navigation, automatic generation for alternate text for images using computer vision, and font adjustment.

[39][40] It uses augmented Reality and optical character recognition to display computer-generated imagery on top of books, signage, and other text in a dyslexia-friendly mode.

[41][42] Users choose their preferred typeface, line height, letter spacing and color scheme, and then point their cameras to pieces of text.

[44][45] It was developed by students from Mukesh Patel School of Technology Management & Engineering as part of their bachelor thesis and presented at Dutch Design Week.

[57][58] The program is equity-free and offers coworking spaces, legal support, business development and technology consultancy, and partnerships with universities and companies.