Quantum computing and AI firm QpiAI secures Rs 50 Cr debt financing from InnoVen Capital
Quantum computing and artificial intelligence company QpiAI has secured Rs 50 crore in debt financing from InnoVen Capital India Fund II, with the Bengaluru startup allotting 5,000 Series B non-convertible debentures to the fund, per RoC filings.
Via YourStory
The debentures have a face value of Rs 1 lakh each, carry a 13.85% annual coupon, and are secured. The transaction was approved by QpiAI’s board on August 28.
Entrackr was the first to report the debt financing.
The transaction adds debt alongside QpiAI’s earlier equity fundraising. The company had raised $6.5 million in a pre-Series A round in June 2024, led by YourNest and SIDBI Venture Capital, followed by a $32 million Series A in July 2025 led by…
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