Spice Digital Limited (formerly registered as Cellebrum Technologies) is an Indian

telecommunications company A telephone company, also known as a telco, telephone service provider, or telecommunications operator, is a kind of communications service provider (CSP), more precisely a telecommunications service provider (TSP), that provides telecommunicat ...

headquartered in Noida, India, a subsidiary of Spice Connect. The company deals in Mobile Value Added Services, along with Telco Solutions, enterprise solutions, financial technology, GST Suvidha Provider (GSP), and digital transformation products and services. Spice Money provides multiple services to merchants and retail counters and is available in seven Indian languages and offers services like money transfer/remittance(DMT), aadhaar based mini ATM, mobile recharges, utility bill payments BBPS, travel booking, MPOS, buy insurance and buy/sell gold. It is involved in micro-payment of services and remittances in real time i.e. where sender provides cash and the recipient receives money electronically in their bank account simultaneously.

History

Spice Digital was incorporated in 2000 by Bhupendra Kumar Modi with a staff of 13. In July 2006, the company invested Rs 100 crores to soup up its technology and expand its product line and set up a Rs 50 crore incubation fund for startup ventures. By 2006, the company employed 400 people. It revamped its operations in 2007 to enhance its research and development capabilities.

Timeline

2000: Company inception - servicing telecom operators in India. 2009: SDL incorporated Spice VAS Africa (SVA) with a local managing partner. 2012: SDL started new business units: * Data Analytics * Financial Services - Spice Money * Mobile Internet * Mobile Marketing * Enterprise Mobility 2013: Launched B2B Travel & Tourism solution with the business name Spice Money. 2014: Launched premium e-ticketing platform bdtickets.com in Bangladesh. 2015: * Invested in technology firm Creative Function Apps * Acquired stake in Anytime Learning Private Limited * Received PPI License from RBI * Launched mobile wallet 'Spice Money' focusing on domestic remittances 2016: * Formed a joint venture with Adgyde Solutions for building analytics-based solutions * In principal approval from RBI to operate under Bharat Bill Payment System * Created IoT Solutions for smart homes and smart cities 2017: * Launched Aadhar enabled payment system services * Launched Bharat bill payment system services * Expanded businesses in Indonesia and Dubai 2018: * In Mid of 2018, Spice Money reached a gross transaction value of $1 billion

Products and services

Spice Digital received a semi-closed pre-paid payment wallet license from the Reserve Bank of India (RBI) on 9 April 2015. The license was valid up to 30 June 2020.

Acquisitions and subsidiaries

Spice Digital (Africa)

In early 2010, operations were started in

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

with headquarters in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

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. In 2013, after massive expansion, the headquarters was shifted to

Johannesburg Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

DiGiSPICE

Vavia Technology

On September 5, 2014, Spice Digital acquired 26 per cent (3,514) equity shares in share capital of Bangalore-based startup Vavia Technologies. Spice Digital has since divested its entire equity stake of 26 percent in Vavia Technologies.

Anytime Learning

In January 2015, Spice Digital acquired 38.53% stake in Anytime Learning Private Limited, the Noida-based online education provider. Consequently, Anytime Learning has become an Associate Company of Spice Digital.

Spice Stellar Mobile Series

This is a series of mobiles launched by Spice Digital. As of February 2013 this series has five Android smartphones, including a tablet. They are Stellar Xtacy (known as mi-352), Stellar Craze (known as mi-335), Stellar Nhance (known as mi-435), Stellar Pad (known as mi-1010), Stellar Virtuoso (known as mi-495), and Stellar Pinnacle (known as mi-530). On 4 July 2014, Spice launched its all-new Stellar 445 budget quad-core smartphone in India.http://www.abplive.in/gadget/2014/07/04/article356165.ece/Spice-launches-its-new-Stellar-445-budget-quad-core-smartphone-in-India#.U7awdPmSzTo Spice Mobile launched the new budget smartphone Stallar 405 in India.Spice Stallar 405 budget smartphone launched in India
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References

{{Mobile payments Technology companies of India Telecommunications companies of India Companies based in Noida Telecommunications companies established in 2000 Mobile phone manufacturers Indian brands Mobile payments in India 2000 establishments in Uttar Pradesh Indian companies established in 2000