India, Oct. 29 -- In more trouble for cash-starved beer maker Bira 91, its lenders Anicut Capital and Japan-based Kirin Holdings have taken control of the alcobev startup's subsidiary and renowned cafe chain The Beer Cafe.

Bira 91 parent B9 Beverages acquired The Beer Cafe's parent Better Than Before (BTB) in 2022.

Notably, Kirin Holdings is also an equity investor in Bira 91. The startup raised $100 Mn in two separate rounds led by Kirin Holdings in 2022. Additionally, it raised a debt of INR 208 Cr from Kirin Holdings in 2024 and another INR 400 Cr from various banks and NBFCs to use as working capital to overcome its legal troubles.

The development was first reported by The Morning Context. As per the report, B9 Beverages had pledge...