In a bold move to revive its faltering operations, Indian craft brewer Bira 91 has entered into talks to raise $132 million (approximately ₹1,172 crore) — its largest fundraising to date. The capital infusion, combining equity and debt instruments, is being seen as a make-or-break lifeline for the beer startup as it battles regulatory headwinds, rising losses, and operational disruptions.
A two-part deal: equity + structured debt
According to term sheets reviewed by Reuters, the proposal involves $50 million in fresh equity from Global Emerging Markets (GEM), a New York–based alternative investment firm, alongside $82 million through structured credit from other parties. The precise stake
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