Mobavenue AI Tech To Raise INR 100 Cr By Preferential Issue

Mobavenue will issue and allot shares by a preferential issue on a private placement basis to non-promoters of the company at INR 1,088 per share

Following the fundraise announcement, shares of the company jumped 5% in two consecutive sessions

Mobavenue, a bootstrapped company founded by Ishank Joshi, Tejas Rathod, and Kunal Kothari, helps digital-first brands advertise beyond the walled gardens

Mumbai-based AI startup Mobavenue AI Tech’s board has approved plans to…