Craft beer maker Bira91 has raised $10 million in funding from Japan-based MUFG Bank to ramp up its production, bolster its supply chain, and enhance innovation capabilities.
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Prior to this, the brand raised $70 million in a Series D round in November 2022 from Japanese beer company Kirin Holdings.
Founded in 2015 by Ankur Jain, Bira 91 operates four breweries in India and has a total manufacturing capacity of approximately 2.5 million hectoliters. Currently, The brand is available in over 550 towns and cities in 18 different countries. In addition to its beer products, It also offers a range of branded merchandise such as glassware, apparel, and gifts.
Bira91 counts GreenRush Investors, Sequoia, SKS Capital, Neoplux, Sixth Sense Ventures, and Chattisgarh Distilleries as its investors. The brand competes with brands such as Carlsberg, Heineken, AB InBev -owned Budweiser and local giant Kingfisher in India.
Bira 91 claims to be the fourth-largest beer company in India, with a market share of 5% across key markets. It has five manufacturing facilities in the country.
Source @Indianstartupnews
