Cyril Amarchand Mangaldas advised QpiAI India Private Limited (” QpiAI“) on its Series A fund raise of USD 32 million, led by new investors: Avataar Capital and National Quantum Mission, Department of Science and Technology, Government of India, with participation from other new and existing investors.
The Transaction Team comprised of Arun Prabhu, Partner (Head – Technology), Jayant Belgaumkar, Senior Associate and Stuti Agarwal, Associate, with support from Saurav Samaddar, Partner.
Arpita Sengupta, Principal Associate; Kanav Khanna, Associate; and Tannvi R, Associate; additionally advised on the data protection, IP and technology aspects of the transaction documents and due diligence.
The transaction was signed on 6th March, 2025 and closed on 25th July, 2025.
