Bira91 raises $30 mn funding led by Sequoia India, Sofina

Date posted: Sunday 10 May 2020

B9 Beverages Pvt. Ltd, the maker of Bira 91 brand of craft beer, said that it has raised $30 million in funding led by its existing investors, Sequoia India and Belgium-based investment firm Sofina. The equity financing round also saw participation from Mumbai-based consumer-focused venture capital fund, Sixth Sense Ventures, Korean private equity fund Neoplux, and certain family offices, the company said in a statement. The alcoholic beverage maker plans to use the latest funds to further expand its India footprint and consolidate its leadership position in the premium beer market in India.

(Live Mint)