Quantum AI Firm QpiAI Secures ₹50 Crore Venture Debt

5 Oct 2026, 6:18 pm · 11h ago · 1 min read · ascendants.in

Amount

₹50 Cr

Stage

Debt

Lead

InnoVen Capital

Bengaluru-based quantum computing and artificial intelligence startup QpiAI has raised ₹50 crore in venture debt from InnoVen Capital. The company’s board approved the issuance of 5,000 non-convertible debentures (NCDs) at a face value of ₹1 lakh each, carrying an annual coupon rate of 13.85% with maturity set for December 1, 2028. This debt infusion follows QpiAI’s $32 million Series A equity round in July 2025, which was led by Avataar Ventures alongside India’s National Quantum Mission at a ₹2,050 crore valuation. The capital will provide non-dilutive runway for deeptech commercialization.