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flag Indian craft beer maker Bira raises $132M to restructure amid market challenges and regulatory delays.

flag Indian craft beer company Bira is seeking $132 million in its largest fundraising to date, with New York-based Global Emerging Markets among potential investors. flag The round includes $50 million in equity and $82 million in structured credit. flag The funds will support working capital, settle debts, and aid restructuring of sales and supply chains. flag Bira, launched in 2015, holds less than 5% of India’s beer market, dominated by global brands. flag A 2023/24 rebrand caused regulatory delays across Indian states, leading to an estimated $9 million in losses. flag The company has raised $210 million total and was valued at $450 million two years ago, with investors including Kirin and Peak XV.

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