Mobavenue AI Tech approves Rs one hundred crore fund raise for expansion

Mobavenue AI Tech Limited, formerly Lucent Industries Limited, has announced that its Board of Directors has approved raising approximately Rs one hundred crore through a preferential issue of nine lakh nineteen thousand one hundred seventeen equity shares, subject to shareholder and regulatory approvals. The decision was taken at a board meeting held on twenty one November twenty twenty five.

The capital raise supports Mobavenue long term growth strategy as an AI powered technology platform that drives digital growth for businesses. The company plans to use the funds to deepen its artificial intelligence and data intelligence capabilities, enhance its product and platform portfolio and strengthen operations for expansion across domestic and international markets.

Mobavenue also plans to evaluate selective acquisitions that can add strategic value and help build a holistic, future ready digital marketing and media technology ecosystem. The company aims to reinforce its competitive edge and accelerate its evolution into a global leader in AI driven advertising, media and consumer growth solutions.

Managing Director and CEO Ishank Joshi described the approval as an important milestone and a strong endorsement of the company vision. He said the infusion will accelerate the technology roadmap, expand the AI led product ecosystem and support entry into key global markets. He noted that Mobavenue remains committed to reshaping how businesses engage with consumers worldwide as digital advertising shifts toward automation, intelligence and measurable performance.

The move signals robust investor confidence in Mobavenue technology focused business model and its position in the growing AI driven marketing and media landscape.