08 May 2025
Several small investors reported that their interest did not arrive as expected after B9 raised short-term working-capital financing by pledging unpaid invoices on KredX. “I haven’t received any interest for the last two months,” said one investor who booked his debt exposure on the platform.
Under the Trade Receivables Discounting System (TReDS), MSMEs can convert outstanding invoices into near-immediate cash by selling them to multiple financiers on a secure electronic platform. KredX became an RBI-approved TReDS operator in January 2025, enhancing transparency and accelerating invoice discounting for small businesses.
Founder Ankur Jain told The Economic Times that B9 has worked with KredX for over six years and remains current on all contractual obligations. “Any delays on specific facilities are pre-agreed with KredX as per our agreements, and we are not in default,” Jain said, emphasizing that the company is merely managing timing mismatches rather than a liquidity crisis.
Planned Fund Raise to Shore Up Liquidity
To bolster its balance sheet, B9—and its holding company Day1 Advisors Pvt. Ltd.—are structuring an ₹800 Cr financing round:
₹500 Cr via structured debt through Day1 Advisors, intended to buy out stakes held by early investors.
₹300 Cr directly injected into B9 Beverages for ongoing working-capital needs and expansion.
Several small investors reported that their interest did not arrive as expected after B9 raised short-term working-capital financing by pledging unpaid invoices on KredX. “I haven’t received any interest for the last two months,” said one investor who booked his debt exposure on the platform.
Under the Trade Receivables Discounting System (TReDS), MSMEs can convert outstanding invoices into near-immediate cash by selling them to multiple financiers on a secure electronic platform. KredX became an RBI-approved TReDS operator in January 2025, enhancing transparency and accelerating invoice discounting for small businesses.
Founder Ankur Jain told The Economic Times that B9 has worked with KredX for over six years and remains current on all contractual obligations. “Any delays on specific facilities are pre-agreed with KredX as per our agreements, and we are not in default,” Jain said, emphasizing that the company is merely managing timing mismatches rather than a liquidity crisis.
Planned Fund Raise to Shore Up Liquidity
To bolster its balance sheet, B9—and its holding company Day1 Advisors Pvt. Ltd.—are structuring an ₹800 Cr financing round:
₹500 Cr via structured debt through Day1 Advisors, intended to buy out stakes held by early investors.
₹300 Cr directly injected into B9 Beverages for ongoing working-capital needs and expansion.
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