Mumbai: Mobavenue AI Tech Limited (formerly Lucent Industries Limited), an AI-powered technology platform enabling digital growth for businesses, announced that its Board of Directors has approved raising approximately ₹100 crore through a preferential issue of 9,19,117 equity shares. The move, subject to shareholder and regulatory approvals, was finalized in the board meeting held on November 21, 2025.
The capital raise marks a decisive step in Mobavenue’s long-term growth roadmap, equipping the company to accelerate innovation and scale operations with greater agility. The infusion will strengthen its AI-driven marketing platforms, deepen data intelligence capabilities, and enhance its product portfolio while preparing the company for expansion across domestic and international markets.
Mobavenue also plans to evaluate selective, value-accretive acquisitions that align with its vision of building a holistic, future-ready digital marketing and media technology ecosystem. These investments are expected to reinforce the company’s competitive edge and propel its transformation into a global leader in AI-powered advertising, media, and consumer growth solutions.
Reflecting on the development, Ishank Joshi, Managing Director & CEO of Mobavenue AI Tech Limited, stated: “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 rapidly evolving position in the global AI-driven advertising and consumer growth ecosystem. As digital advertising undergoes a profound shift towards automation, intelligence, and measurable performance, Mobavenue aims to leverage this infusion to accelerate product innovation, broaden its technology moat, and deepen its international footprint.
