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₹1,867Cr
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Compare up to 10 companies side by side across valuation, profitability, and growth.

MOBAVENUE
VS
| Quarter | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | | | 440.5 | 67.2 |
| 9 | 27 | 3 | 38 | 43 | 43 |
Operating Profit Operating ProfitCr |
| 10.4 | 17.4 | 26.3 | 18.8 | 20.3 | 22.2 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 1 | 2 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 |
| 1 | 5 | 1 | 8 | 10 | 11 |
| 0 | 2 | 0 | 2 | 3 | 3 |
|
Growth YoY PAT Growth YoY% | | | | | 1,096.7 | 107.4 |
| 6.1 | 11.1 | 21.9 | 12.9 | 13.4 | 13.8 |
| 0.4 | 2.4 | 0.7 | 4.0 | 4.9 | 5.1 |
| Financial Year | Mar 2025 | TTM |
|---|
|
| | 3,448.0 |
| 4 | 127 |
Operating Profit Operating ProfitCr |
| 21.4 | 20.7 |
Other Income Other IncomeCr | 0 | 2 |
Interest Expense Interest ExpenseCr | 0 | 3 |
Depreciation DepreciationCr | 0 | 1 |
| 1 | 31 |
| 0 | 9 |
|
| | 2,740.5 |
| 17.1 | 13.7 |
| 6.5 | 14.6 |
| Financial Year | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 15 | 15 |
| 0 | 10 |
Current Liabilities Current LiabilitiesCr | 2 | 68 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 41 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 15 | 107 |
Non Current Assets Non Current AssetsCr | 2 | 26 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -2 |
Investing Cash Flow Investing Cash FlowCr | 17 |
Financing Cash Flow Financing Cash FlowCr | -12 |
|
Free Cash Flow Free Cash FlowCr | -2 |
| -201.9 |
CFO To EBITDA CFO To EBITDA% | -161.3 |
| Financial Year | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 933 |
Price To Earnings Price To Earnings | 1,219.6 |
Price To Sales Price To Sales | 206.4 |
Price To Book Price To Book | 61.7 |
| 962.4 |
Profitability Ratios Profitability Ratios |
| 100.0 |
| 21.4 |
| 17.1 |
| 7.6 |
| 5.1 |
| 4.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Mobavenue AI Tech Limited is a digital-first, AI-driven technology company at the forefront of advertising, marketing technology (MarTech), and consumer media innovation. Headquartered in India and expanding globally, the company leverages cutting-edge artificial intelligence to deliver measurable digital growth for brands across high-growth sectors such as E-Commerce, Fintech, Gaming, BFSI, Healthcare, Retail, and Travel.
Originally incorporated as *Sylph Education Solutions Limited*, the company rebranded to **Lucent Industries Limited** in March 2022, and later transformed into **Mobavenue AI Tech Limited** in 2025—marking its strategic pivot from education to a full-stack AI-powered AdTech and MarTech platform.
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### **Strategic Transformation & Corporate Evolution**
- **Rebranding & Identity Shift**: The rebrand from *Lucent Industries* to *Mobavenue AI Tech Limited* reflects a complete transformation into a next-generation, AI-native technology firm focused on performance-driven digital growth.
- **Acquisition & Integration**: In mid-2025, the company acquired **Mobavenue Media Private Limited** for ₹59.68 crores, integrating it as a wholly owned subsidiary. This strategic move consolidated its capabilities into a unified AI-powered advertising, marketing, and consumer growth platform.
- **Global Expansion**: Established a U.K. subsidiary and branch office, with planned expansions into the U.S., Singapore, and Europe through its international entity. Direct teams, partnerships, and potential acquisitions are being leveraged for global scale.
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### **Core Business Model & Framework**
Mobavenue operates on a proprietary **A³ (Awareness, Acquisition, Activation) Framework**, designed to drive end-to-end performance across the customer lifecycle:
1. **Awareness (A)**: Using platforms like PrsmX and DiscvrX to build brand visibility via omnichannel video, CTV, OTT, audio, and DOOH.
2. **Acquisition (A)**: Driven by SurgeX DSP and OrbitX, focusing on high-intent user acquisition through programmatic bidding and contextual targeting.
3. **Activation & Retention (A)**: Enabled by ResurgeX and RetargetX, re-engaging users, boosting loyalty, and increasing lifetime value.
The framework is supported by a unified AI decision layer that analyzes real-time consumer signals across 500+ million users globally.
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### **Technology & Innovation**
Mobavenue’s platform is built on a **cloud-native, AI-first architecture**, designed for scalability, speed, and intelligence:
- **Real-Time Decision Engine**: Processes decisions in under **15 milliseconds**, far faster than the 50–100ms industry benchmark.
- **AI & Machine Learning**: Employs over 10 ML models to predict user intent, conversion likelihood, and demographic profiles with high accuracy (85% AUC/ROC).
- **Generative AI**: Used for dynamic creative generation, audience segmentation, and content personalization.
- **Proprietary Platforms**:
- **OrbitX**: AI-powered search and contextual advertising platform.
- **SurgeX DSP**: India’s largest independent programmatic DSP.
- **PrsmX, ResurgeX, AmplifyX, ResearchX, PrismX**: Full-stack platforms spanning targeting, measurement, activation, and analytics.
- **Media Buying Engine**: Powers real-time auctions at over **2 million per second**, optimizing for deep-funnel KPIs.
The company has been recognized by **Aerospike** as a **‘Champion of Scale ‘25’**, validating its world-class scalability and technical infrastructure.
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### **Revenue Model: Outcome-Based Growth Engine**
Mobavenue operates on a **90% outcome-based revenue model**, one of the highest in the AdTech industry:
- **Revenue per Outcome (RPO)**: Clients pay only for measurable actions—such as app installs, purchases, subscriptions, or repeat orders—aligning Mobavenue’s success directly with client performance.
- **High Margins & Retention**: This model ensures strong client retention, reduced churn, and margin resilience, insulating the company from traditional media price declines.
- **Remaining 10%**: Non-outcome services are being actively transitioned into outcome-led offerings.
- **Projected FY25 Revenue**: ₹149 crore (unaudited), with a **36% CAGR** from FY23 to FY25.
Monetization is further enhanced by AI-powered budget optimization, predictive modeling, and a dynamic cross-sell engine.
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### **Product & Platform Ecosystem**
Mobavenue offers an integrated stack of AI-powered platforms:
- **OrbitX**: AI-driven search and contextual advertising across Google, Bing, and social.
- **SurgeX DSP**: Full-funnel user acquisition via programmatic media buying.
- **ResurgeX**: Retargeting and retention platform for repeat engagement.
- **PrsmX**: Omnichannel brand awareness solution (video, CTV, audio, OOH).
- **GMP 360**: AI-powered growth management platform.
- **AI Workbench**: Centralized AI development environment to accelerate product innovation.
A **unified bidding layer** is under development to integrate social and search advertising into a single AI-driven platform.
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### **Market Position & Client Base**
- **Served Clients**: Over **150 global brands**, including Blinkit, Shopee, Etoro, Disney Hotstar, Myntra, and Chingari.
- **Campaign Scale**: 50% increase in campaign volume (Q1 to Q2 FY25), with stable customer acquisition costs and **100% increase in repeat user engagement** for key clients like Blinkit.
- **Geographic Reach**: Strong presence in India and emerging markets (SEA, LATAM), with expansion into the U.S., U.K., and Europe.
- **User Reach**: 500+ million users, processing billions of monthly impressions at sub-millisecond speed.
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### **Leadership & Culture**
- **Tejas Rathod** (Co-Founder, Whole-Time Director & CFO): Forbes Asia 30 Under 30 (2023); led Mobavenue Media from bootstrapped startup to ₹150 crore in revenue.
- **Kunal H. Kothari** (Co-Founder & Chief Growth Officer): Forbes Asia 30 Under 30; key driver of global expansion and AI-led growth strategy.
- **Prachi** (Co-Founder & Director): B.Tech in CS; expertise in fintech and digital transformation.
The leadership core embodies a culture of **frugality, innovation, and product-led growth**, with deep roots in bootstrapped, sustainable scaling.
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### **Philosophy & Vision**
Mobavenue promotes an **“AI for Good”** philosophy, advocating for ethical, transparent, and high-impact AI development. The company is committed to **building transformative AI technologies in India for global markets**, positioning itself as a leader in the next wave of AI-native advertising and marketing platforms.
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### **Financial & Operational Highlights (FY25)**
| Metric | Value |
|-------|-------|
| Unaudited Revenue | ₹149 Crore |
| PAT (Mobavenue Media) | ₹16.1 Crore |
| YoY Revenue Growth (Mobavenue Media) | 53.9% |
| Clients Served | 150+ |
| Employees | 150+ |
| Total Campaigns Executed | 30,000+ |
| Media Spend Optimized | $75 Million+ |
| Global Reach | 500+ Million Users |
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