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Indian craft beer maker Bira raises $132M to restructure amid market challenges and regulatory delays.
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.
The round includes $50 million in equity and $82 million in structured credit.
The funds will support working capital, settle debts, and aid restructuring of sales and supply chains.
Bira, launched in 2015, holds less than 5% of India’s beer market, dominated by global brands.
A 2023/24 rebrand caused regulatory delays across Indian states, leading to an estimated $9 million in losses.
The company has raised $210 million total and was valued at $450 million two years ago, with investors including Kirin and Peak XV.
El fabricante indio de cerveza artesanal Bira recauda 132 millones de dólares para reestructurarse en medio de los desafíos del mercado y las demoras regulatorias.