Mumbai: Mobavenue AI Tech Limited (formerly Lucent Industries Limited), an AI-powered technology platform enabling digital growth for businesses, has announced that its Board of Directors has approved raising approximately ₹100 crore* through a preferential issue of 9,19,117 equity shares. The fundraising plan, approved on November 21, 2025, is subject to shareholder and regulatory approvals.
The fresh capital marks a significant milestone in Mobavenue’s long-term strategy and will be deployed to strengthen the company’s AI-driven product portfolio, enhance its R&D capabilities, and support scaled expansion across domestic and international markets. The investment will also accelerate the development of Mobavenue’s proprietary data intelligence stack and deepen its technology moat in the fast-evolving global digital advertising ecosystem.
In alignment with its strategic roadmap, Mobavenue will also evaluate targeted acquisitions that add value to its integrated marketing and media technology offerings. These selective, capability-enhancing acquisitions will help the company build a holistic, future-ready digital ecosystem and reinforce its ambition of becoming a global AI-tech leader in advertising, media, and consumer growth solutions.
Reflecting on the development, Ishank Joshi, Managing Director & CEO of Mobavenue AI Tech Limited, said, “This capital raise represents an important milestone for us and a strong endorsement of our vision. The ~₹100 crore infusion will empower us to accelerate our technology roadmap, strengthen our AI-led product ecosystem, and expand our presence across key global markets. We also intend to explore selective, strategic acquisitions that enhance our capabilities and align with our long- term mission. As we continue to strengthen our AI-powered tech platforms that drive digital growth for businesses, Mobavenue remains committed to reshaping how businesses engage with consumers worldwide.”
The move underscores strong investor confidence in Mobavenue’s technology-led business model and its trajectory within the AI-powered advertising and consumer growth landscape. As digital advertising undergoes a transformative shift toward intelligence, automation, and measurable outcomes, Mobavenue aims to leverage this capital infusion to accelerate innovation, expand globally, and fortify its competitive standing.
