Diageo’s home delivery plans hit, exits HipBar at 98% loss

While the move comes at a time when several Indian states are putting in place norms to allow home delivery of alcohol, Diageo which invested Rs 27 crore in HipBar through its domestic entity USL for a 26% stake in 2018, is selling back the entire stake to the startups promoter Prasanna Natarajan for Rs 52 lakh.

via Economictimes