Recognition of Mobavenue Media Private Limited as "Champion of Scale" at Aerospike APJ Summit 2025
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Mobavenue AI Tech Ltd informed BSE that its soon-to-be-acquired subsidiary Mobavenue Media Private Limited won a 'Champions of Scale Award' at the Aerospike APJ Summit held in Bangalore. Mobavenue was one of 11 winners selected from over 50 nominees, sharing the stage with major names like Flipkart, InMobi, and PhonePe. This recognition comes shortly after the company executed a Share Purchase Agreement on 3rd September 2025 to acquire 100% equity in Mobavenue Media. The award highlights Mobavenue's ability to scale technology solutions and innovate at a high level.
Positive signal for the acquisition target's quality and growth potential, reinforcing management's decision to acquire 100% of Mobavenue Media. Likely to be viewed favourably by the market as third-party validation of the asset being acquired.