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Optimistic Capital’s maiden investment turns profitable
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Thursday, 03 September, 2026, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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Optimistic Capital, India’s first alcobev-focused fund managed by alumni of INSEAD and the Indian School of Business (ISB), 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 Rs 1 crore in monthly revenue over the past two months and is projected to achieve approximately Rs 2 crore in revenue within the next 12 months, with an anticipated EBITDA margin of around 20 per cent. As per its latest financial statement, 33&Brew reported monthly EBITDA of Rs 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 per cent. Optimistic Capital began distributing profits to investors in June, reflecting its focus on creating tangible value through its investment structure.
“Today’s announcement marks an important milestone for Optimistic Capital, with 33&Brew turning profitable and our investments in Brewden and 33&Craft expanding our portfolio. We remain focused on building scalable businesses and creating long-term value for our investors,” said Varun Krishnan, Co-Founder of Optimistic Capital.
Following the success of 33&Brew, Optimistic Capital has announced strategic investments in Brewden and 33&Craft. Brewden is a smaller-format taproom concept catering to a younger, experience-driven audience. With an accessible format and focus on efficient operations, Brewden is positioned for rapid expansion across Bengaluru.
Now 33&Craft, developed in partnership with MasterChef Australia winner Shashi Chelliah, is a high-end dining and beverage experience designed for consumers seeking a premium hospitality offering. Located in Central Bengaluru, off iconic MG Road, the concept reflects Optimistic Capital’s strategy of developing differentiated formats around the evolving preferences of India’s urban consumers.
The success of 33&Brew has strengthened Optimistic Capital’s strategy of investing in and actively developing complementary businesses within the alcobev ecosystem, said a company note.
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