News · Commerce & Consumer Brands
Supplier demands payment from B9 Beverages
By Startup Enthusiast ·
- Date
- Company
- B9 Beverages
- What it does
- Craft beer brand maker
- Kind
- News
- Amount
- ₹11.19 Cr
What they do
B9 Beverages makes craft beer for urban consumers in India
What happened
HNGIL demands ₹11.19 Cr payment and inventory lift within 15 days
Why it matters
The company faces insolvency proceedings and operational disruptions due to licensing issues
The details
- HNGIL sent a legal notice demanding ₹11.19 Cr payment from B9 Beverages.
- The demand includes outstanding dues, interest, storage fees, and mould charges.
- HNGIL threatens civil and criminal action if payment is not made within 15 days.
- The supplier also requires the immediate lift of over 51.42 Lakh customised glass bottles.
- These stored bottles are valued at more than ₹7 Cr.
- HNGIL encashed a ₹3.91 Cr bank guarantee during Bira 91's CIRP process.
- The creditor alleges that Bira 91 hid its insolvency status while placing orders.
- This dispute follows an earlier claim for over ₹8 Cr recovery one month prior.
The bigger picture
- The legal notice highlights severe cash flow problems for the craft beer brand.
- HNGIL claims the company concealed its financial distress during recent transactions.
- The incident underscores the liquidity crisis facing the startup amid regulatory hurdles.
About the business
- B9 Beverages launched its craft beer brand in 2015.
- The company positions itself as a challenger to legacy beer brands.
- It focuses primarily on urban consumers across India.
- The brand faced significant operational disruption in 2025 due to licensing issues.
- Licensing problems arose from a corporate name change from private to public.
- Approximately ₹80 Cr in inventory was written off in 2025.
- Total liabilities stood at around ₹300 Cr as of May 2025.
- Investors injected ~₹400 Cr to save the brand with conditions attached.
What happens next
- HNGIL demands payment and inventory lift within 15 days.
- Potential civil and criminal action looms if demands are ignored.
Investors
- Peak XV Partners (existing) — Notified of the dispute by HNGIL.
- Sofina (existing) — Notified of the dispute by HNGIL.
- BlackRock (existing) — Notified of the dispute by HNGIL.
- Kirin Holdings (existing) — Notified of the dispute by HNGIL.
Founders
- Ankur Jain, Founder/CEO
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