New Delhi : QNu Labs, a quantum computing startup, anticipates a substantial increase in revenue to reach Rs 200 crore by FY26. This growth is fueled by a Rs 500 crore pipeline from India, the Middle East, and the US, according to a senior company official on Wednesday. Sunil Gupta, the CEO of QNu Labs, mentioned to PTI at India Mobile Congress that the increase is mainly due to the use of quantum security solutions in defense and the interest shown by businesses in the technology.
One year ago, our revenue amounted to Rs 24 crore. In the current fiscal year, we anticipate generating Rs 100 crore in revenue, followed by Rs 200 crore in the subsequent fiscal year. He mentioned that the increase is mainly due to the Defense sector's increased use of quantum technology and the growing interest from businesses. Gupta mentioned that the company implemented a quantum solution to create quantum secure digital certificates and secured a contract from Defence via iDEX.
A significant portion of our income is generated by government sources, but starting next year, we anticipate that more than half of our revenue will come from private businesses. We have a Rs 500 crore pipeline involving interest from companies to implement quantum solutions. "We are receiving interest from the banking, telecom, and healthcare sectors," he stated.
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