India saw the launch of a new Android handset Thursday, the Spice Mi-300. The Spice Mi-300 is on offer at an introductory price of Rs. 9990 and can be picked up at any Spice HotSpot outlet. The Android phone market in India is currently dominated by Samsung. HTC is also present in India with its Android phones such as the HTC Desire and Wildfire.
The Spice Mi-300 is part of a “Connected Spice Life” Android-based series announced by the company. The other two products, slated for release later this year, are Android tablets Mi-410 and Mi-700. Currently, there are no Android tablets in India apart from the recently announced Olivepad VT100.
The Spice Mi-300 Android phone is a 3.5G device that runs on Android 2.1 Eclair. It comes with a 3.2-inch HVGA capacitive touchscreen and offers a 320 x 240-pixel screen resolution. It offers a 5-megapixel built-in camera along with Wi-Fi connectivity.
GMS & MS Office
GPS & A-GPS (for location tracking)
Support for Google Mobile Services
More than 1,00,000 downloadable apps
The specs and features of the Spice Mi-300 are what you can reasonably expect from an Android smartphone priced below Rs 10,000. Related: Android cell phones in India : Full list
The Spice Mi-300 is powered by the MSM7227 600 MHz processor, which was introduced by Qualcomm in 2009 specifically targeted at mass-marketed smartpones. The Spice Mi-300 has access to the entire Android market which though not as large as Apple’s App Store is growing very fast.
Spice Digital has plans to raise Rs 200 crore through an initial public offering by the end of this fiscal year. The funds that Spice Mobility will raise will be used in R&D, brand building, setting up a design studio, and for the company to serve the South African, Middle Eastern and South East Asian markets.
Spice Digital is part of Spice group, which is promoted by B K Modi. Related story: Spice Mobile M-6 Sports dual SIM phone launched
The formation of Spice Mobility, the device making part of Spice Group, will be complete by September end when Spice Mobile will merge with Spice Televentures. Once Spice Mobility’s reverse merger is complete, the company will begin raising money.
Spice Mobility also plans to raise Rs 500 crore through qualified institutional placement and by selling treasury stocks. The company will have Rs 4.2 crore worth of treasury stocks as a result of a reverse merger, of which it will sell Rs 3 crore’s worth.