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Games

UzChess Cup 2026: Arjun roars back for 1st win; Vidit suffers 2nd straight loss

The second round of the UzChess Cup 2026 Masters offered no respite for the faint-hearted, as all five games ended decisively. For India, the day brought mixed fortunes as Arjun Erigaisi roared back after a draw in the opening round to claim his first win, toppling Nodirbek Yakubboev, while Vidit Gujrathi endured another crushing defeat, falling this time to former two-time Candidates champion Ian Nepomniachtchi. Yakubboev has strong credentials and is one of the stronger players hailing from an extremely talented player pool in Uzbekistan. He was a semifinalist at the FIDE World Cup 2025, just one win away from locking in his spot at the Candidates. He eventually finished fourth and was one of the nearly men of the event. In an English game, both Yakubboev and Arjun ventured deep into a fairly complex middle game that saw only two exchanges: a pawn and a knight trade in the first 22 moves. Both players bled more than an hour on the clock and reached an exciting but equal position with similar time remaining. This is where Arjun made his only mistake in the game by pushing the f-file pawn to f4, allowing the Uzbek to trade pieces and win an extra pawn. However, Yakubboev neutralised his advantage by mistiming his own pawn push, which allowed Arjun to win back a pawn. The position was roughly equal, and this is where the Indian started to press. With the clock bleeding down, Yakubboev began making questionable moves and went for exchanges that shifted the momentum in Arjun’s favour. Under mounting time pressure, the Uzbek completely lost his way and resigned in a losing position after 36 moves. For Vidit, Monday did not bring a change of fortune as he lost his second game in a row after beginning his campaign with a crushing loss to Shakhriyar Mamedyarov. It was literal chaos on the board in the Vidit vs Nepomniachtchi clash. Wielding the black pieces in a Nimzo Indian game, both Vidit and Nepo played with considerably low accuracy and allowed each other to come back into the game multiple times. What Nepomniachtchi did well was to put pressure on Vidit by playing fast and forcing him to bleed a lot of time on the clock, an issue that has troubled the Indian many times. The Russian was over an hour up on the clock against Vidit, who had just a little over three minutes compared to Nepomniachtchi’s one hour and seven minutes after the 29th move. By this time, Nepomniachtchi had an almost completely winning position at plus 3.72 and was looking to end the game then and there. Little did he know that the game had over 50 more moves left. He allowed Vidit to fight back, and the game swindled both ways multiple times, with Vidit having many opportunities to hold Nepomniachtchi to a draw. But to his misfortune, he failed to defend an endgame featuring a rook pair and a bishop against white’s queen and knight. When the game finally ended after 83 moves, the Russian had one hour and 19 minutes on his clock. Madaminov in sole lead The biggest surprise of the event has been Mukhiddin Madaminov. The 11th hour replacement for Javokhir Sindarov, for whom he works as a second, Madaminov has proved he belongs to the big boys’ club after the first two rounds. After taking down Nepomniachtchi in the opening round, Madaminov registered his second straight win by beating Greek GM Nikolas Theodorou to move into the sole lead with two points from two rounds. Trailing him are Uzbek number one Nodirbek Abdusattorov and Arjun, both on 1.5 points. Just like Arjun, Abdusattorov won his first game of the event as he outplayed Mamedyarov with the white pieces. Hans Niemann also bounced back after a loss to Theodorou by defeating Shamsiddin Vokhidov to register his first points.

Games

Portugal beyond Ronaldo: Vitinha, Bruno creative heartbeat in push for World Cup

For nearly two decades, Portugal’s football story has been told through Cristiano Ronaldo’s lens. Every major tournament has carried the same question: Can Ronaldo carry Portugal once again? As the 2026 FIFA World Cup approaches, that question still remains. The 41-year-old is still the face of Portuguese football, still the player fans come to watch. But for perhaps the first time in his international career, Portugal’s hopes may depend less on the man finishing THE moves and more on the players creating them around him. Somewhere behind Ronaldo, scanning the pitch before receiving the ball, will be 26-year-old midfielder Vítor Machado Ferreira, better known as Vitinha. Born in Santo Tirso, northern Portugal, Vitinha was introduced to football by his father, Vítor Manuel, a former professional player. Yet the game was never forced on him, allowing him to develop at his own pace. He is not the captain. He is not their biggest star. But over the last two years, he has quietly become one of Portugal’s most important players. A quick look over the shoulder. A pass played with perfect weight. A small run into space to escape pressure. Suddenly, Portugal are moving forward again. It is football’s least visible work, but also one of its most important. Vitinha’s biggest strength is not goals or assists, but control. Analysts often call him a “metronome” because he decides when Portugal speed up and when they slow down. In modern football, where attention is fixed on goals and statistics, he stands out for making the team function better as a unit. He operates as a deep-lying playmaker, similar to players like Andrea Pirlo or Toni Kroos, dictating games from deep areas rather than advanced positions. Most of his work is simple on the surface, but crucial in shaping how the team plays. When Paris Saint-Germain signed him in 2022, the club was still driven by big names like Lionel Messi, Neymar, and Kylian Mbappé. Vitinha arrived with little attention and had a difficult start. He was young, adapting to a new league, and competing in a squad full of established stars. At first, opportunities were limited, and he had to wait for his chance. The turning point came under Luis Enrique. As PSG moved away from relying on individuals and became a more balanced team, Vitinha grew into one of the most important players in the squad. The Spaniard trusted him to control midfield phases. “Vitinha is very important for us. He has a significant role. Vitinha adapts well to everything we ask of him. He has immense technical ability,” Enrique said before the Champions League final. Under Roberto Martínez, Portugal have also become more comfortable keeping the ball against top opposition. Vitinha’s calm style fits this approach perfectly, allowing attackers to stay higher and focus on creating chances.

Sports

Manav Suthar-Washington Sundar combine fashions India’s biggest innings win

In the inevitable Afghanistan free fall that was bound to occur on the third day, India arrived at a result without overstretching the batting and bowling departments. With 14 wickets felled shortly after tea on Monday, Shubman Gill’s men also held time to rearrange the record books with India’s largest ever innings victory – by an innings and 300 runs. The new PCA Stadium’s subdued Test initiation also successfully soft-launched India’s bid to regain their sub-continental flavours before the World Test Championship (WTC) trip to Sri Lanka in two months. Adding onto the 412-run innings lead that they sucked out inside 20 overs in the morning would have meant a futile exercise in the heat. Having bundled the visitors at 152, Gill decided it was best to deploy his spin forces back on again, with a sprightly debutant and a poised off-spinner’s drifters muting the Afghan resistance. Ten minutes after he led his side off the field with a rare feat in his first Test match bowling innings, Manav Suthar was back on, this time with the new ball. The Afghans took aggressive measures to ward off the debutant left-armer, but Suthar had delivered a good account of his strengths already in the morning. Starting the session with three scalps – the first of which came off just his fourth delivery on day two – Suthar nimbly doubled his tally. Exercise in control The 23-year-old from Rajasthan did not seek to impress. Rather, he nailed down his strengths, ball by ball, across 22 overs that jotted 118 dots and six wickets for only 33 runs. Save the reputation of the opposition, the figures remain exceptional for the conventional debutant nerves. Suthar achieved a stamp of approval in becoming only the seventh Indian to bag a five-for in his first innings on debut, and only the second to reach the landmark this century. The restraint on lengths was remarkable even when he swerved the ball from left to right with prodigious drift, as he did to defuse Afghanistan’s brickwall Rahmat Shah for his fifth wicket. For a majority of his innings, No. 4 Shah had played well within his body. Smearing boundaries from simple extensions of his compact defence, Shah’s half-century justified his position as Afghanistan’s record run-scorer in the format. But when Suthar foxed him on the angle, sliding way past the right-hander’s eyeline outside the off-stump, Shah’s attempted sweep was mangled from around his pads, the ball turning back square to knock the middle-stump. There was minimal deviation from his drift-and-revs exhibition on length. 98 of his 122 deliveries in the first innings landed between the 4 to 6-metre mark on good length, further pressed into a dangerous corridor in line of the stumps. He rarely employed quivers past his usual strengths. Only one delivery in his entire spell was marked as a quicker variation, with just seven instances of an arm ball being released. Suthar only turned to his secondary line after nine wicket-less overs in the afternoon. Setting up Afsar Zazai on the shorter length, the left-armer darted a quicker 92-kph arm ball that held its line to trap the wicket-keeper before the stumps.

Sports

From Octopus Paul to AI prompts: How FIFA World Cup predictions evolved

From Paul to Prompts, predicting FIFA World Cup results has come a long way in the last 18 years. In this age of AI, it all seems a little silly now. From 2008-2010, especially in the World Cup at South Africa, the world banked on a Germany-based octopus called Paul for football predictions. Hatched at Weymouth, England, Paul picked 11 of the 13 winners of Germany’s Euro 2008 and 2010 World Cup campaigns. It would all have been laughed off as a hoot of a joke, but things did get serious enough for then Iran President Mahmoud Ahmadinejad to declare poor Pauli as “the symbol of Western decay and decadence.” When Paul picked Germany to defeat Argentina and that panned out, an Argentine chef threatened to pan-sear him. The recipe had started with detailed braising of the sea animal turned football pundit. His German minders pledged to allow no such thing, but then Paul was declared traitor when he offended German fans by predicting the home team would lose. They too announced they would eat him. A Singapore parakeet fetched better efficiency, but Paul had by then retired from dipping into jars with mussels, oysters and two competing national flags, his first choice of snack considered the winner. He died in late 2010, but not on a plate. The smart-armed creature posthumously received attention from iPhone apps, Google doodles and even Chinese movie thrillers. Sixteen years hence, though, not many are staring at aquariums. They are squinting into smartphones and at whirring supercomputer screens to identify the FIFA World Cup winners. Getting AI to guess the winner on July 19 however, is irresistible. USAToday used Copilot, though they offered an insightful disclaimer up-front. “Large Language Models aren’t keeping up with sports results and matches.” This led to refining of Prompts. Nevertheless, Copilot had France ejecting Argentina in the round of 16, Morocco making the semis, Canada beating South Korea and France defeating Brazil in the final. AI engineering developers had resoundingly proven one basic English question fed into a comp is smarter than 8-armed octopuses. Frank Andrade on Artificial Corner deployed Claude to analyse 49,000 matches, with old ones diminishing in importance, and used an Elo score (fewer points for defeating lower ranked) to find his way to Spain at 27% odds, Argentina 21%, with France and England in semis. AI re-ran the testing 50,000 times, to be sure. And a retrospective AI test on 2018 and 2022 WCs led to 52% correct results. ActionNetwork.com picked France, using 1200 data points across 25 variables, with Norway predicted to throw up a surprise. A spokesperson said “the 2026 World Cup outcome was predicted based on key data, including national team form, World Cup history, market value of squads and coach profiles.” France’s market value? €1.48 billion, as per the website. Depending on precise Prompts, Opta AI can summon France and Spain as favourites, while slotting Norway into the Top 10, while ChatGPT lines up Spain, France, Argentina, England, Portugal, Brazil. It is not too different from what a casual fan, not enamoured by Messi, might pick.

Sports

How Bhuvneshwar Kumar became the bowler no one can read

Sachin Tendulkar had been watching carefully. Bhuvneshwar Kumar’s seam, he noticed, was no longer pointing anywhere in particular. Not towards slip for the outswinger, not towards leg slip for the inswinger. When the ball landed, it could go either way. The batsman’s only information arrived after the ball had already moved. “He’s right,” Bhuvneshwar says, when asked about Sachin. “And who can observe better than him?” This is June 2026. Sachin has just been analysing Bhuvneshwar’s wobble seam on social media. Vaibhav Sooryavanshi, 15 years old, has just broken Sachin’s 36-year record as the youngest player selected for the Indian senior team, after finishing IPL 2026 as its highest run-scorer. The boy Bhuvneshwar bowled with a knuckleball in 2025 is now the most discussed cricketer in the world. And here is Bhuvneshwar, 36, the only man to win consecutive IPL Purple Caps. He had come to the game late, by serious cricket’s standards. When he first bowled in the nets, the coaches told him the ball was swinging. It seemed normal to him. The other kids swung it too. He didn’t know there was anything unusual about his hands until the coaches kept saying it, and even then it was only when he played under-17 cricket that he started to understand what they meant. “I was mainly an inswinger when I started playing cricket,” he says. “Some part of the action changed — think I must have been around 15-16 perhaps. And I started outswinging. Slowly, I understood how to outswing, inswing. This is my luck. I won’t say I was born with it, or someone taught me. It was my luck that some action went wrong, but luckily I understood how to swing on both sides.” Some actions went wrong. Most cricketers spend careers trying to prevent that. Bhuvneshwar’s career was built on it. The outswinger, the delivery that would eventually put him on the Lord’s honours board and make Tendulkar watch a video and think about seam angles, came from something he didn’t intend and couldn’t quite explain. No one taught me how to swing on both sides,” he says. The coaches who shaped him are Vipin Vats, who also taught Praveen Kumar, and Sanjay Rastogi. Both from Meerut. He says he was lucky to have them. At home in those years, the 10-year-old would return from training so exhausted that eating was beyond him. His mother assigned his elder sister the daily duty of feeding him as he lay sprawled on the bed. His sister would feed him while he drooled on the pillow, already asleep. In Meerut, they call a man like this a karmath cricketer. A man who believes in the work, not the mythology around it.

Education

PhysicsWallah Reverses Course On Student Lending; Shares Surge Nearly 18%

Shares of PhysicsWallah ended today’s trading session 15.6% higher at ₹106.50 apiece on the BSE. Its market capitalisation stood at ₹30,763.6Cr (about $3.2 Bn) at end of the day. Original Story | June 4, 2026, 12:13 IST Edtech major PhysicsWallah has rolled back its plan to provide financing to students through its wholly owned NBFC subsidiary, FinZ Finance. In a statement today, the Alakh Pandey-led company said it is restructuring its lending strategy and has tied up with multiple “leading” regulated third-party NBFCs to enable student lending needs. “This decision reverses the company’s earlier approach and is intended to materially reduce balance sheet and credit related risks for the company,” the company said. Notably, the company’s shares were under pressure since it announced its decision to infuse ₹120 Cr into FinZ Finance last week. Following the announcement today, the shares surged as much as 17.8% to touch an intraday high of ₹108.45 on the BSE.  “We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left to regulated third-party NBFCs who have created robust underwriting capabilities,” PhysicsWallah cofounder Prateek Maheshwari said on the change in the company’s plans. The edtech major said it will continue operating as a technology platform that connects PhysicsWallah students with a curated network of regulated lending partners, with loan offerings tailored to a student’s learning lifecycle and academic progress.  The company added that the objective is to improve affordability and accessibility while making the financing model more scalable and better integrated into its student ecosystem. On FinZ Finance, PhysicsWallah said the future strategic direction of the NBFC arm will be decided in the near term, subject to approval from the board and relevant regulatory authorities. Last week, PhysicsWallah reported a 76% decline in its consolidated net loss to ₹69.1 Cr in Q4 FY26 from ₹289.3 Cr in the same quarter last year. The edtech major had posted a profit of ₹102.3 Cr in Q3 FY26. Operating revenue for the quarter rose 51% YoY to ₹918.8 Cr. Sequentially, it declined 15% from ₹1,082.4 Cr.

Education

CCPA Slaps Fine On Physics Wallah Over Dark Pattern Violations

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹5 Lakh on edtech major PhysicsWallah for using dark patterns on its platform, including a pre-selected donation option through which it collected about ₹2.47 Cr from more than 21.36 Lakh users. In an order dated June 1, the consumer watchdog said PhysicsWallah (PW’s) website and app deployed practices that violated the Consumer Protection Act, 2019, the E-Commerce Rules, 2020, and the government’s dark pattern guidelines. The case was initiated suo motu by the regulator after it examined PW’s platform and identified concerns around its checkout process and access to courses advertised as free. According to the order, PW automatically added a ₹10 donation to purchases through a pre-ticked “Donate for PW Foundation” checkbox. Users had to manually deselect the option to avoid the additional charge. The feature remained active between February 2024 and December 2025 and generated approximately ₹2.47 Cr in donations, the authority said. The regulator classified the practice as “basket sneaking”, a dark pattern that involves adding charges to a transaction without obtaining explicit consent from consumers. The CCPA also objected to messaging displayed alongside the donation option, which highlighted charitable activities such as funding marriages for needy individuals, supporting children’s education and providing healthcare assistance.  According to the authority, the messaging could influence users to retain the donation through guilt and amounted to “confirm shaming”. Collecting Data Without A Cause Separately, the regulator found that users were required to provide their mobile number and email address to access courses marketed as free. Following tests conducted using multiple accounts, the authority concluded that the information was not necessary to provide access to the content and categorised the practice as “forced action”. The order noted that PW had informed the authority that corrective changes had already been implemented. However, during an inspection conducted on December 22, 2025, the CCPA found that the donation option continued to remain selected by default. The edtech startup argued that the donation feature was clearly disclosed and that users were free to opt out. It also claimed that nearly 64% of users chose not to donate, indicating that consumers were aware of the option. The authority rejected the argument, stating that visibility does not amount to consent and that consumers must take an affirmative action before an additional charge can be imposed. PW also compared its registration requirements for free courses with government-backed education platforms such as DIKSHA and SWAYAM.  The consumer protection body dismissed the comparison, saying those platforms require user information for specific purposes such as assessments and certifications, whereas PW failed to demonstrate why the data was necessary to access the content.   The CCPA held that PW violated provisions relating to consumer rights, misleading advertisements and unfair trade practices under the Consumer Protection Act. The authority directed the company to discontinue all dark patterns across its platforms, pay the penalty and submit a compliance report within 15 days. The CCPA, on the same day, also fined McAfee ₹1 Lakh for dark patterns around subscription renewal where it only offered “Accept Risk” or “Renew Now”, with no neutral “Cancel” or “Skip” option.   The orders come at a time when the Centre is stepping up scrutiny of dark patterns across India’s digital economy. Over the past year, the CCPA has taken action against multiple internet companies, including Zepto, Flipkart and FirstCry, for practices ranging from basket sneaking and drip pricing to misleading subscription flows. The move also follows industry-wide concerns about the widespread use of dark patterns. A survey by LocalCircles found that only a small fraction of major ecommerce platforms operating in India were free of dark patterns, despite the government’s guidelines coming into force in 2023.

Education

Klassroom Receives In-Principle Approval For SME IPO, Targets Q2 FY27 Listing

Edtech startup Klassroom is planning to launch its initial public offering (IPO) on the BSE SME platform in the second quarter (July to September) of FY27, sources shared with Inc42. The startup, which filed its DRHP in February, received the in-principle approval from BSE to go ahead with its public offering in May, as per BSE data. The proposed IPO comprises a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale (OFS) of up to 4.66 Lakh shares.  Klassroom plans to use ₹5.35 Cr to bolster content development, specifically sharpen its educational video production, subtitles/audio review, and skill-based courses including AI & ML, Agentic AI, sales training and customer support programmes. It also ₹1.68 Cr towards cloud hosting, APIs, backend infra, AI engineers, app maintenance and integrations with universities/government systems. Founded in 2016 by Alka Javeri and her sons Dhruv and Dhumil Javeri, Klassroom operates a hybrid learning platform that combines offline coaching centres with an education OTT app. The startup claims to have more than 4 Lakh registered users, over 1 Lakh subscribers and a network of 30 partner centres across the country. Klassroom generates revenue through a mix of direct consumer subscriptions, partner centres, enterprise partnerships and government projects. Apart from academic coaching programmes, it also works with state governments, universities and private organisations on digital learning, teacher training, AI labs and skilling initiatives. The company had reported a sharp improvement in its financial performance ahead of the planned public listing. According to its DRHP, Klassroom posted an operating revenue of ₹12.4 Cr and a net profit of ₹4 Cr in the first half of FY26. In FY25, its operating revenue rose 120% year-on-year to ₹10.1 Cr, while profit increased nearly eightfold to ₹2.9 Cr.   The startup has raised more than $2 Mn from investors including LetsVenture, ah! Ventures, Growth Sense, CPT Family Trust among others. If launched as planned, Klassroom will join a growing list of venture-backed startups heading to the public markets. The development comes amid a slow down in startup IPOs amid broader market volatility. While six new-age tech companies, including Aequs, Kissht, Aye Finance, have gone public in 2026, many are pushed to reevaluate their public listings bid. For instance, companies like Cure Foods, PhonePe and Flipkart have already put their listing ambitions on hold.      

E-commerce

RENEE Cosmetics’ Revenue Crosses ₹400 Cr Mark In FY26, Loss Down 46% YoY

Beauty and personal care (BPC) startup RENEE Cosmetics’ cofounder and CEO Ashutosh Valani told Inc42 that the brand cut its FY26 net loss by 46% to ₹36 Cr from ₹67 Cr incurred in the previous fiscal year. Valani said that the D2C beauty startup’s operating revenue for the fiscal jumped about 38% to ₹440 Cr from ₹320 Cr reported in the previous year. At the same time, its expenses grew 45% to ₹290 Cr from ₹200 Cr a year prior. The uptick in the startup’s top line helped it cut its EBITDA margin to -8% from -21% in FY25. The improvement in the brand’s margins was driven by notable improvement in its offline sales and repeat purchases. The CEO shared that RENEE’s focus on offline retail is crucial, as 84% of the BPC startup’s beauty sales happen via physical stores. This is because its customers prefer trying makeup products before purchasing them. Valani said that the startup focused on heavy offline expansion by investing in setting up presence in “shop-in-shop”, wholesale retail along with other modern trade outlets. In FY26, RENEE’s offline sales contributed about 35% of its revenue. Meanwhile, 35% of its revenue is still driven by online sales on marketplaces like Nykaa, Flipkart and Amazon. The remainder of its sales during the fiscal came from quick commerce (15%) and its own website (15%). “We are seeing strong offtake from offline stores due to a healthy demand and a strong brand pull. From here, we believe the business can grow another 40-50% in FY27,” he said. He expects the startup to turn profitable in FY27 as it scales the offline vertical further. He believes there is enough headroom to expand offline when compared with online expansion. The cofounder noted that the online business is already profitable, but because of the investments required for offline distribution, the startup’s expenses have remained elevated. “It takes about four to five years for a good digital brand to lay out the brand scale, foundation, and offline team. And now that we have done that successfully, I think from here on this is not going to act as a startup but a very profitable business,” he said.

E-commerce

Bira 91 Faces Fresh ₹11 Cr Legal Threat From Glass Supplier HNGIL

Craft beer brand Bira 91’s parent company B9 Beverages has received a fresh legal notice from glass manufacturer Hindusthan National Glass & Industries Ltd (HNGIL), threatening civil and criminal action over allegedly unlifted bottle inventory. HNGIL claims that Bira 91 is yet to pay outstanding dues of ₹11.19 Cr. In the notice dated June 5, HNGIL alleged that more than 51.42 Lakh customised glass bottles manufactured exclusively for Bira 91 remain stored at its facilities despite repeated requests for payment and stock lifting. The company claimed the inventory is worth over ₹7 Cr. The glassmaker said it has sent the notice to B9 Beverages’ board and copied several investors, including Peak XV Partners, Sofina, BlackRock and Kirin Holdings. Inc42 has reached out to Bira 91 founder Ankur Jain as well as the startup for their response on the notice. The story will be updated based on the responses. As per the notice, the dispute relates to purchase orders placed by B9 Beverages in 2024 for customised glass bottles. HNGIL alleged that it manufactured the bottles during Bira 91’s corporate insolvency resolution process (CIRP), which it said the latter hid while placing orders backed by bank guarantees. HNGIL further alleged that, despite encashing bank guarantees worth ₹3.91 Cr, significant dues continue to remain unpaid. The company claimed that the brewer repeatedly assured it that payments would be made and inventory would be lifted but failed to honour those commitments. HNGIL’s demand includes outstanding dues, interest, storage charges and mould charges, taking the total claim to ₹11.19 Cr. The company has asked B9 Beverages Ltd to clear the dues and provide a binding schedule for lifting the inventory within 15 days. The glassmaker said the unlifted stock has blocked warehouse space and working capital while adding storage and handling costs. It also warned that it would initiate legal proceedings if its demands are not met. The latest notice comes a month after HNGIL reportedly sought recovery of more than ₹8 Cr from the beer maker over alleged payment and contractual defaults. Troubles Pile Up For Bira 91 Bira 91 was launched in 2015 by Jain and emerged as one of India’s earliest craft beer brands. Backed by investors including Peak XV Partners, Sofina and Kirin Holdings, the startup had  raised more than $200 Mn over the years and expanded its presence across India and several international markets.  At its peak, Bira 91 positioned itself as a challenger to legacy beer brands through premium products, quirky branding and a strong focus on urban consumers. However, the company has faced mounting financial and operational challenges over the past two years. In 2025, Bira 91 disclosed that disruptions linked to a corporate name change — removing the private from its name to become a public company — led to licencing issues across states, forcing a temporary halt in manufacturing and sales operations.   The company also wrote off inventory worth about ₹80 Cr and delayed vendor payments for several months. Jain had earlier said the company’s total liabilities stood at around ₹300 Cr as of May 2025. The troubles have since deepened, with reports about delayed employee salaries, vendor disputes, investor disagreements and legal battles over company assets surfacing routinely.  Last year, Inc42 reported that investors and lenders were seeking greater control over parts of the business amid concerns around governance and financial management. It has been reported that the investors are pushing for the resignation of CEO Jain. Following financial distress and severe production hurdles, investors are said to have injected approximately ₹400 Cr to save the craft beer brand, which was conditioned on Jain’s exit. However, there’s no surety as to the fructification of the plans.

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