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Elevation offloads Paytm stake; Souring Bira betElevation Capital sold shares in Paytm for the first time since the fintech’s 2021 listing. This and more in today’s ETtech Top 5.- Prosus backs Ixigo; Bira's founder brews troubleIxigo is selling a 10% stake to Prosus to fund its growth plans. This and more in today's ETtech Top 5.
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Bira 91 raises $10 million from Japan's MUFG BankPresently with a market share of 5% across key regions in India, Bira 91 has tripled its pre-COVID numbers.Brewer refrained from disclosing...
- Prefer HUL, Britannia, Nestle over alcobev firms now: Abneesh Roy“The worst is over for the FMCG industry in terms of margin pressure and rural volumes. It will be a gradual recovery. In terms of palm oil...
- Gin Genius: How Anand Virmani crafted a homegrown success story in ginIn calendar year 2021, Greater Than, which was launched in late 2017, doubled its sales over the previous year and became the largest selli...
- Big demand for shares of unlisted, new-age cos post Zomato IPO responseUnlisted shares enter trading circles only when promoters commit to private placements of their equity (to external shareholders) or when e...
- Anheuser Busch InBev slash prices of its premium brands-Hoegaarden and Corona by 26-57%These brands were imported until recently but are now being made in Karnataka and Maharashtra. Within the imported beer segment, Mexican pa...
- Mild blow in unlisted space as bears wipe out Rs 30 lakh cr on D-StreetThe impact has not been so severe in the unlisted space, said traders.
- World's largest craft brewer BrewDog plans to enter India with 35 pubsInitially, it will launch 22 tap beers and three commercial ones, including its flagship brand Punk IPA and a wheat beer brewed specificall...
- Beer wars: The empire strikes backUB and AB InBev are launching India-made wheat beers to take on startups like Bira, Simba.
- Liquor stocks in low spirits, but this unlisted player is on a high!Listed stocks of liquor manufacturers and breweries have not been doing well this year.
- Coming soon to a pub near you: A draught of fresh beerBrewers such as UB, AB InBev, Bira91 and Simba pouring draught beer versions of their brands.
- This year is going to be tougher than last year: Shekhar Ramamurthy, United BreweriesMarch and April were quite badly affected by elections, says Ramamurthy.
- Bira beer maker piles up losses in sales pushB9 wants to expand geographic footprint to cash in on rising popularity of craft beer.
- We will take on Bira with craft beers by end of the year: Shekhar Ramamurthy, United Breweries“As long as the industry grows and there are no regulatory headwind, expect similar growth going forward.”
- Bira beer maker raises Rs 25 cr from Anicut CapThe company, in its latest filing with the Registrar of Companies, said it has issued 250 non-convertible debentures worth `10 lakh each to...
- How startups take on consumer giantsThe Indian fast-moving consumer goods (FMCG) space, traditionally dominated by multinationals, has spawned 1,300 startups in a very short s...
- In a first, Sequoia Capital invests in craft beer brand Bira 91The $6 million in series A funding will be used in marketing of the brand as well as starting a production facility in Madhya Pradesh by Ma...
- Samvardhana Motherson Finance withdraws Rs 1,665-crore IPOThe issue, which opened on May 2, was subscribed just 0.38 times till 7 pm on the closing day according to the NSE website.
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