More Trouble For Bira 91 As Lenders Take Control Of The Beer Cafe

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SUMMARY

B9 Beverages had pledged the shares of BTB as collateral for loans and failed to pay the debt. Following this, the lenders took control of The Beer Cafe, which owns 42 pubs across the country

The startup raised $100 Mn in two separate rounds led by Kirin Holdings in 2022. Additionally, it raised a debt of INR 208 Cr from Kirin Holdings in 2024 and another INR 400 Cr from various banks and NBFCs

The founder said that Bira 91 has also challenged Anicut Capital’s move in the Delhi High Court

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More Trouble For Bira 91 As Lenders Take Control Of The Beer Cafe


SUMMARY

B9 Beverages had pledged the shares of BTB as collateral for loans and failed to pay the debt. Following this, the lenders took control of The Beer Cafe, which owns 42 pubs across the country

The startup raised $100 Mn in two separate rounds led by Kirin Holdings in 2022. Additionally, it raised a debt of INR 208 Cr from Kirin Holdings in 2024 and another INR 400 Cr from various banks and NBFCs

The founder said that Bira 91 has also challenged Anicut Capital’s move in the Delhi High Court

In more trouble for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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