Quantum-tech startup QpiAI raises Rs.50-Cr via NCDs from InnoVen Capital

Bengaluru-based deep-tech startup QpiAI has raised INR 50-Cr in debt from InnoVen Capital India Fund II. The transaction involves the allotment of 5,000 Series B non-convertible debentures (NCDs) with a face value of INR 1-lakh each and a 13.85% annual coupon.Founded in 2019, QpiAI develops vertically integrated quantum systems and AI platforms for sectors including drug discovery, materials science, manufacturing, logistics, and finance.