Exclusive: QpiAI raises Rs 50 Cr in debt from InnoVen Capital
Bengaluru-based quantum computing and artificial intelligence startup QpiAI has raised Rs 50 Cr in debt (non-convertible debentures ) funding from InnoVen Capital.
Via Entrackr
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"Bengaluru-based quantum computing and artificial intelligence startup QpiAI has raised Rs 50 Cr in debt funding from InnoVen Capital. The board at QpiAI has approved the issuance of 5,000 non-convertible debentures (NCDs) at a face value of Rs 1 lakh each to raise Rs 50 crore from InnoVen Capital, as per its filing with the Registrar of Companies (RoC). According to the filing, the debentures carry a 13.85% annual coupon rate and are set to mature by December 1, 2028…
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