Optimistic Capital, India’s first alcobev-focused fund managed by alumni of INSEAD and the Indian School of Business (ISB), today announced that its maiden investment, 33&Brew, a Bengaluru-based microbrewery, has turned profitable. The fund has also announced strategic investments in Brewden and 33&Craft, expanding its portfolio across the alcobev and hospitality sector.
Funded through a SEBI-registered Alternative Investment Fund (AIF) Category I structure, 33&Brew attracted participation from more than 100 angel investors.
The business has recorded slightly under ₹1 crore in monthly revenue over the past two months and is projected to achieve approximately ₹2 crore in revenue within the next 12 months, with an anticipated EBITDA margin of around 20%. As per its latest financial statement, 33&Brew reported monthly EBITDA of ₹18 lakh, reflecting its progress towards profitability.
The investment has also begun generating returns for early investors, with current returns translating to an IRR of approximately 18%. Optimistic Capital began distributing profits to investors in June, reflecting its focus on creating tangible value through its investment structure.
Optimistic Capital’s investments are structured through a SEBI-registered AIF with a profit-sharing mechanism, allowing investors to participate in the profitability of portfolio businesses and creating opportunities for periodic distributions.