Stake sale · Commerce & Consumer Brands

B9 Beverages founder Ankur Jain exits after settlement with lenders and investors

By Startup Enthusiast · 22 July 2026

What they do

B9 Beverages is the parent company of Bira 91, a beer brand in India

Founder Ankur Jain and his family have stepped down from the board and executive roles after a settlement with lenders and investors

The settlement clears the way for restructuring and a fresh capital raise, but no new leadership has been announced

B9 Beverages founder Ankur Jain and his family have stepped down from the board and executive roles after a settlement with lenders and investors.
The agreement ends months of negotiations involving nearly 30 stakeholders, including employees, vendors, lenders, and shareholders.
As part of the settlement, all legal claims and litigation between the parties will be withdrawn.
Personal guarantees provided by Jain for corporate loans will also be released.
Jain said the settlement is a 'clean and full close of this chapter' and that Bira 91 now needs fresh capital, a clean balance sheet, and new leadership.

B9 Beverages has faced severe financial and operational pressure over the past two years, including widening losses and delayed payments.
The company's consolidated revenue fell to about ₹638.5 crore in FY24, while its loss widened to ₹748.8 crore.
The company had disputes with investors like Kirin Holdings and lenders like Anicut Capital over pledged shares.
Jain apologized to employees for delayed salaries and payments, but no timetable for clearing these was provided.

B9 Beverages is the parent company of Bira 91, a popular beer brand in India.
It has faced financial difficulties in recent years, including delayed payments to employees and vendors.
The company's financial statements for FY25 and FY26 have not been publicly disclosed.
B9 Beverages has been involved in legal disputes with lenders and investors over pledged shares.

B9 Beverages is expected to pursue restructuring and seek fresh capital.
No new leadership has been announced yet.
The company has not provided a timetable for clearing outstanding salaries or payments.

Kirin Holdings (Investor) — A Japanese beverage company with a stake in B9 Beverages.
Peak XV Partners (Investor) — An early-stage venture capital firm with a stake in B9 Beverages.