eCommerce
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
In more trouble for…
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