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The fresh fundraise comes at a time when the Indian beer market is forecast to almost double to $10 billion in a decade. This is expected to come from robust out-of-home demand at bars, restaurants, hotels, younger consumers, an evolving retail environment and new flavours and innovation in craft beers. The increase will come despite the Indian alcobev market being heavily taxed and pricing being controlled by individual state governments. ....
The fresh fundraise comes at a time when the Indian beer market is forecast to almost double to $10 billion in a decade. This is expected to come from robust out-of-home demand at bars, restaurants, hotels, younger consumers, an evolving retail environment and new flavours and innovation in craft beers. The increase will come despite the Indian alcobev market being heavily taxed and pricing being controlled by individual state governments. ....
The International Cricket Council (ICC) has seen a 36% drop in net surplus for the fiscal year ending December 31, 2022, with revenue falling by 7% to $432 million. The ICC earns the majority of its revenue from media rights and sponsorships, with approximately 80% of its revenues coming from the Indian market. ....
Indias beer market is dominated by three major players. But the new kid on the block, Ankur Jains B9 Beverages, is unshaken by the triopoly and is on an expansion spree. Moving beyond its core business of beer, the company is looking to turn Ebitda profitable by FY24 while diversifying into a ‘house of beverages in the sub-10% ABV segment. ....