Cash crunch behind B9 Beverages losing control of pub business; CEO moves court

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

In more trouble for cash-starved beer maker Bira 91, its lenders Anicut Capital and Japan-based Kirin Holdings have taken control of the alcobev startup’s subsidiary and renowned cafe chain The Beer Cafe.  Bira 91 parent B9 Beverages acquired The Beer Cafe’s parent Better Than Before (BTB) in 2022.  Notably, Kirin Holdings is also an equity investor in Bira 91. The startup raised $100 Mn in two separate rounds led by Kirin Holdings in 2022. Addi…

Cash crunch behind B9 Beverages losing control of pub business; CEO moves court

Kolkata: The Beer Cafe, the pub business of B9 Beverages, has gone out of control of the latter after the shares offered as collateral were taken over by Kirin Holdings of Japan, the largest shareholder and Anicut Capital, the main lender, following a cash crunch, reports stated. The development came against the backdrop of rising losses and mounting debt of the Indian craft beer maker. Filings with the RoC (Registrar of Companies) have revealed…