CosmicTaco

Bira 91 Faces Supply Chain and Regulatory Challenges Amidst Funding Struggles

CosmicTaco · 2024-07-19T11:26:14.287552+05:30

- Bira 91, once a craft-beer favorite, is now grappling with supply shortages and regulatory issues in India's tough alcobev market. - Despite significant funding from Kirin Holdings and Peak XV Partners, Bira's beer supply has dwindled at liquor retailers and pubs. - The company expanded its production capacity anticipating rapid growth, but this led to severe cash flow issues and operational disruptions. - Bira's unique brewery-leasing model has been criticized for its high operational costs and lack of tax incentives. - Founder-CEO Ankur Jain remains optimistic, aiming for an IPO in 2026 and planning to deploy additional funds to stabilize the company. Source: The Ken

Bira 91, once a craft-beer favorite, is now grappling with supply shortages and regulatory issues in India's tough alcobev market.
Despite significant funding from Kirin Holdings and Peak XV Partners, Bira's beer supply has dwindled at liquor retailers and pubs.
The company expanded its production capacity anticipating rapid growth, but this led to severe cash flow issues and operational disruptions.
Bira's unique brewery-leasing model has been criticized for its high operational costs and lack of tax incentives.
Founder-CEO Ankur Jain remains optimistic, aiming for an IPO in 2026 and planning to deploy additional funds to stabilize the company.

Source: The Ken