Total amount raised
$307.9 Millions
Latest funding date
Location
Bira 91 has successfully raised funding through multiple rounds, including a recent $25 million Series D round. The company has attracted notable investors such as Kirin Holdings and Tiger Pacific Capital.
Keep reading to explore the intricacies of Bira 91's fundraising journey and the investors backing this innovative craft beer manufacturer.
What Is Bira 91?
Bira 91, founded in 2015 by Ankur Jain, is a craft beer brand under B9 Beverages. Initially brewed in Belgium, the company now operates five breweries in India.
Headquartered in New Delhi, Bira 91 produces craft beer from wheat, barley, and hops, available in various formats including draft, bottles, and cans. The company distributes its products across 18 countries.
With a workforce of 501-1000 employees, Bira 91 has partnered with Kirin Holdings to expand its reach and innovation in the craft beer market.
How Much Funding Has Bira 91 Raised?
- Amount Raised: $4.3M
- Date: May 2019
- Lead Investors: Sixth Sense Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and increase production capacity.
- Amount Raised: $17.5M
- Date: Aug 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance distribution channels and marketing efforts.
- Amount Raised: $20M
- Date: Apr 2020
- Lead Investors: Peak XV Partners, Sofina
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Amount Raised: $15M
- Date: Jan 2021
- Lead Investors: Kirin Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support operational growth.
- Amount Raised: $15M
- Date: Jan 2021
- Lead Investors: Kirin Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage debt and improve cash flow.
- Amount Raised: $20M
- Date: Aug 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production and expand market reach.
- Amount Raised: ₹113M
- Date: Oct 2022
- Lead Investors: Chhattisgarh Distilleries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance manufacturing capabilities and distribution network.
- Amount Raised: $70M
- Date: Nov 2022
- Lead Investors: Kirin Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives and market expansion.
- Amount Raised: $10M
- Date: Mar 2023
- Lead Investors: MUFG Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial resources for operational scaling.
- Amount Raised: $50M
- Date: Feb 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: $600M
- Motivation Behind the Round: To expand manufacturing footprint and enhance market presence.
Total Amount Raised: $236.8M. Current Valuation: $600M.
Key Investors
- Kirin Holdings
- Details: Kirin Holdings is a Japanese integrated beverages company with a significant presence in the global market. They have invested heavily in Bira 91, increasing their stake to support the company's growth.
- Investment Focus Areas: Beverages, pharmaceuticals, food.
- Notable Investments: San Miguel Brewery, Myanmar Brewery, Four Roses Distillery.
- MUFG Bank
- Details: MUFG Bank is Japan's largest bank and one of the world's leading financial groups. They have provided financial backing to Bira 91 to bolster its operational scaling.
- Investment Focus Areas: Banking, financial services, asset management.
- Notable Investments: Morgan Stanley, Krungsri, Bank Danamon.
- Peak XV Partners
- Details: Formerly known as Sequoia Capital India, Peak XV Partners is a venture capital firm that invests in early and growth-stage companies. They have supported Bira 91's international expansion and product development.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Byju's, OYO, Zomato.
- Sofina
- Details: Sofina is a Belgian investment company with a focus on long-term investments. They have been instrumental in Bira 91's growth through their financial support.
- Investment Focus Areas: Consumer and retail, digital transformation, education, healthcare.
- Notable Investments: Byju's, Flipkart, Delivery Hero.
- Sixth Sense Ventures
- Details: Sixth Sense Ventures is an Indian consumer-focused venture fund. They were one of the early investors in Bira 91, helping the company expand its market presence.
- Investment Focus Areas: Consumer brands, food and beverage, wellness.
- Notable Investments: Soothe Healthcare, LEAP India, Hindustan Foods.
What's Next for Bira 91?
With a fresh $50 million investment, Bira 91 is poised to expand its operations both domestically and globally. The company plans to scale up its brewery facilities and enhance its retail footprint, capitalizing on the growing demand for craft beer among younger consumers.
Future fundraising opportunities seem promising, given the strong investor confidence and the positive industry outlook. However, Bira 91 will need to navigate challenges such as competition from established players and varying regulatory environments across different regions.
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