Funding
Approved NCD issuance · Hardware

QpiAI approves ₹50 crore debt issuance to InnoVen

The proposed non-convertible debentures carry a 13.85% annual coupon.

By RoundOS Funding desk

QpiAI’s board approved the issue of 5,000 non-convertible debentures to InnoVen Capital, according to a filing reported on October 5. At ₹1 lakh each, the approved issue totals ₹50 crore.

The debt carries a 13.85% annual coupon and matures on December 1, 2028. The quantum-computing company did not disclose a use for the proceeds. This is a debt issuance, separate from its earlier Series A equity financing.

Funding history

Approved NCD issuance · This round₹500M

Sources

  1. QpiAI funding announcemententrackr.com · Oct 5, 2026

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