Bira's backers discuss fund infusion, CEO's exit

have petitioned B9's board and investors citing delayed salaries and governance concerns, The Economic Times reported last Thursday.

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Jain denied any such development or a formal offer before him. “Neither any offer to bring in capital has been presented to me, the company or its board by any investor, lender or stakeholder on the condition that I step down, nor has any “financial settlement” been offered to me or any of the promoters,” he said in an email.

But the four people said that discussions that Jain leave the company are indeed on. “Each shareholder spoke on what their position is. Most said they support the business, but if Ankur (Jain) steps down, they are ready to put more money,” said one person directly involved with the developments at the company.

Institutional investors, led by Peak XV, represent the largest group of shareholders in B9, collectively holding a 28.6% stake. Other investors, according to its June 2025 cap table sourced from data tracker Traxcn, include Sofina, Sixth Sense, MUFG Bank, Tiger Pacific, Mayfield, and GHIQF Mauritius. Kirin Holdings holds 20.3%. The promoters—including Ankur Jain and his family—collectively own 17.8% of the total holding. Other stakeholders including employees, individuals and family offices hold about one-third of the company together.