Mobavenue approves INR 100 crore raise for expansion and technology

Mobavenue AI Tech Limited, formerly known as Lucent Industries Limited, has received board approval to raise approximately INR 100 crore through a preferential issue of 9,19,117 equity shares. The decision was taken at the board meeting on 21 November 2025 and remains subject to shareholder and regulatory approvals. The company confirmed that the exact amount to be raised is INR 99,99,99,296, with shares priced at INR 1,088 each.

This planned infusion forms part of Mobavenue’s long-term strategy to scale its AI-powered marketing and media technology offerings. The funding will support the enhancement of AI and data intelligence capabilities, expansion of the company’s product and platform portfolio and preparation for deeper domestic and international market entry. The company aims to use the capital to accelerate innovation across its technology stack and to strengthen operational capacity in line with future growth demand.

Mobavenue also intends to assess strategic and value-aligned acquisitions that reinforce its objective of building a broad digital marketing and media technology ecosystem. These potential acquisitions are positioned to complement existing strengths and contribute to a more integrated suite of AI-led advertising and consumer growth solutions.

Managing director and CEO Ishank Joshi said the capital raise marks a significant milestone and a clear endorsement of the company’s direction. Joshi noted that the planned investment will support an accelerated technology roadmap, expansion into priority global markets and exploration of acquisitions that fit Mobavenue’s long-term mission. He added that the company remains focused on advancing its AI-enabled platforms designed to drive digital growth for businesses.

The approval indicates continuing investor confidence in Mobavenue’s technology-led model and its position within the evolving AI-driven advertising and media landscape. With digital advertising increasingly oriented towards automation, intelligence and measurable outcomes, the company plans to apply the capital to deepen innovation and broaden its international reach.