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Detailed stories on technology startups, business and economic current affairs.
This bit is important and timely, so we are breaking our regular publishing schedule for this note.
After months of busting its gut, craft beer brand Bira has finally raised funding from an investor outside of the usual suspects. On Monday, the Sequoia Capital India-backed company announced that it had raised $30 million from Japanese beer maker Kirin Holdings. The infusion is a 50:50 split between equity and debt, and makes Kirin the owner of under 10% of Bira. With this round, Bira is reportedly valued at $300 million.
To begin with, this news is definitely a relief. For both …

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Once India’s craft beer breakout star, Bira collapsed under unchecked ambition, runaway costs and a founder who just could not slow down.