Prisma AI raises Rs 200 crore in first bond issue by Indian AI firm

Prisma Global, known as Prisma AI, has raised Rs 200 crore through bonds, marking the first debt offering by an Indian artificial intelligence company. The initial Rs 50-crore tranche opened Monday at 10% interest for two years and was fully subscribed within an hour, later drawing nearly eight times the bids. The greenshoe option of Rs 150 crore was exercised, taking the final size to Rs 200 crore.

The company works with central and state governments, police departments, and airports on crowd management and theft prevention. Ankit Gupta, founder of arranger BondsIndia, told Times of India the strong response reflects investor confidence and will encourage non-financial firms to tap debt markets. Prisma Global chairman Shreeram Iyer said the firm is pivoting to maximise its impact in India using its international partner network.