Spice Mobility Ltd on Monday announced that it will invest Rs 1,000 crore in the current financial year in a bid to reposition itself as a mobile Internet company.

At present the company is primarily focused on the mobile phone segment. Under the new strategy, Spice will merge all its various divisions including mobile devices, retail outlets and value-added services into one.

The roadmap for the switch to being a mobile Internet company includes having a global supply chain for sourcing efficiencies and R&D support. The company is close to buying Indonesia-based Nexian for which the company has already raised $200 million.