M2P raises Rs 100 crore debt from Alteria
Synopsis The three-year facility — M2P’s second debt raise — will largely finance AI product development and computing capacity, cofounder and chief executive Madhusudanan R
Synopsis The three-year facility — M2P’s second debt raise — will largely finance AI product development and computing capacity, cofounder and chief executive Madhusudanan R told ET.
This includes token consumption, or the expense incurred when AI models process information, he said. A small portion will be used to refinance higher-cost debt
raised in 2023. Madhusudanan declined to disclose the interest rate.
The BriefWire