33&Brew raises Rs 20 Cr in Series A round led by Optimistic Capital

Vinyl-themed microbrewery 33&Brew has raised Rs 20 crore ($2.2 million) in a Series A funding round led by Optimistic Capital. The venture capital firm had earlier announced a Rs 200 crore beer-focused fund dedicated to the microbrewery sector.

The fund has deployed Rs 30 crore across its initial investments, with the remaining Rs 170 crore earmarked for deployment over the next three years. The capital will support bottling, kegging, and other craft beer–adjacent operations. As an owner-operator fund, it targets growth in India’s craft beer sector, with participation from investors in the Middle East and Africa (MEA) and India.

The proceeds will be used for construction and expansion, 33&Brew said in a press release.

Founded last year by Karthik Chandrasekaran, 33&Brew is a vinyl-themed microbrewery that combines craft beer with a curated vinyl record collection (33⅓ RPM). The outlet offers a progressive Indian menu in a music-focused setting and was conceptualised in collaboration with chef Sabyasachi Gorai.

According to the company, guests can select and play vinyl records, creating a personalised music experience alongside their drinks. The brand offers a progressive Indian menu with global influences, along with craft beers, signature cocktails, and a curated food selection.

33&Brew said it aims to combine craft brewing with analogue music culture to differentiate itself in Bengaluru’s brewery market.

Optimistic Capital focuses exclusively on the craft beer sector and offers structured investment opportunities for retail and institutional investors. The firm plans to invest in two additional microbreweries in central Bengaluru.