As it looks to ramp up production in the face of increased demand for the alcoholic beverage, Indian craft beer maker Bira 91 raises $70 million in a fundraising round led by Japanese beer company Kirin Holdings Co Ltd.
As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn 'Licious' consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22).