Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Spice Digital Acquire 26% Stake In Vavia Technologies

BI India BureauSep 10, 2014, 12:10 IST

Spice Digital, a subsidiary of Spice Mobility, has bought 26% stake in Bangalore-based startup Vavia Technologies. The companies did not reveal the financial details of the transaction. "Spice Digital has, on September 5, acquired 3,514 equity shares in the share capital of Bangalore-based Vavia Technologies, constituting 26% equity stake in the said company," Spice Mobility said in a filing to the Bombay Stock Exchange (BSE).

Vavia Technologies is an IT startup that caters to business/consumer needs with the help of Internet-based solutions. The company now has the resources and infrastructure to undertake projects that deliver solutions to its clients/consumers.

Vavia will develop web-based products and solutions, which will benefit customers of both the companies, the filing to the BSE said.