India, Oct. 9 -- Update | October 9, 20:00 IST

Bira 91's founder and CEO Ankur Jain told Inc42 that the startup is planning to raise $100 Mn (INR 888.5 Cr). While Jain didn't divulge the timeline for the closure of the round, he said that the company has received term sheets for structured debt and equity.

The new capital will be deployed to pay over dues, invest in working capital and capital investments for growth of the company's business.

Besides this round, the company is also looking at raising INR 100 Cr ($11.7 Mn) via a rights issue in Q2 FY26.

Original | October 9, 16:42 IST

Alcobev startup Bira 91 is reportedly in discussions with New York-based alternative investment group Global Emerging Markets (GEM) to raise $132 Mn (IN...