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Funding · Professional & Local Services

33&Brew raises INR 20 Cr Series A from Optimistic Capital

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Date
Company
33&Brew
What it does
Vinyl-themed microbrewery in Bengaluru
Kind
Funding
Amount
INR 20 Cr ($2.2M)
Stage
Series A
Based in
Bengaluru
Founded
2024
Sector
Professional & Local Services

What they do

33&Brew operates India's first vinyl-themed microbrewery in Bengaluru with curated music and food

What happened

The company raised INR 20 Cr ($2.2M) in a Series A round led by Optimistic Capital

Why it matters

Funds will support construction and expansion as the investor targets two more microbreweries in Karnataka

The details

  • 33&Brew has raised INR 20 Cr ($2.2M) in a Series A funding round.
  • The investment was led by Optimistic Capital, which focuses on the craft beer sector.
  • This is part of Optimistic Capital's plan to deploy INR 170 Cr over the next three years.
  • The fund has already deployed INR 30 Cr across initial investments in the brewing space.
  • 33&Brew plans to use the proceeds for construction and expansion of its operations.
  • The investor aims to establish two more microbreweries in central Bengaluru or Karnataka.
  • Optimistic Capital takes an active role in daily operations, sales, marketing, and product management.
  • The fund structure is a CAT-1 Angel fund with periodic payouts to investors.

The bigger picture

  • Optimistic Capital targets high-margin growth specifically within the craft beer industry.
  • The investor base includes participants from India, the Middle East, and Africa.
  • The firm previously launched Record Room, another vinyl-music themed nano brewery.
  • Future partnerships may involve MasterChef winners and internationally recognized brewers.

About the business

  • 33&Brew runs a microbrewery in Bengaluru that uses vinyl records as its theme.
  • Customers can pick and play records in the 33⅓ RPM format to shape their music experience.
  • The menu offers progressive Indian dishes with global touches and signature cocktails.
  • The Koramangala location features collaborations with well-known chefs and brewers.
  • The business combines dining, drinking, and music into a single experience.
  • Operations cover brewing, bottling, kegging, and other craft beer activities.

What happens next

  • Construction and expansion of current facilities using the raised funds.
  • Opening two additional microbreweries in central Bengaluru or Karnataka.
  • Forming partnerships with MasterChef winners and international brewers.

The deal

Type
Series A

Investors

  • Optimistic Capital (lead) — A CAT-1 Angel fund focused on high-margin growth in the craft beer sector.

Founders

  • Karthik Chandrasekaran, Founder

About 33&Brew

Product
Craft beer, progressive Indian dining menu, and interactive vinyl record listening experience
Customers
Craft beer consumers, dining patrons, and music enthusiasts
How it makes money
Generates revenue through on-premise sales of craft beer, food, and hospitality services
What sets it apart
Integrates craft brewing with a curated 33⅓ RPM vinyl collection that guests can select and play
Operations
Operates microbreweries with in-house brewing, dining spaces, and music listening setups

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