Beera 91’s Biggest Funding: The Premium Beer Company Raised Rs. 570 Crore Collected
November 23, 2022: Ankur Jain, CEO, Beera 91, said, “This is Beera 91’s largest ever fund. There is a strong recovery in demand for beer, led by young and new consumers.
The forecast for this decade is that the Indian beer market will reach $20 billion by 2030,” Beera 91 CEO said. 91 CEO Ankur Jain said.
The company last month acquired India’s largest alco-beverage chain The Beer Cafe. Premium beer company Bira 91 has raised $70 million in Series D funding led by leading Japanese beer firm Kirin Holdings or Rs. 570 crores has been collected, he announced on Tuesday.
With the latest funding, Kirin has increased its stake in Beera 91 maker B9 Beverages from 10 percent to nearly 20 percent.
“This is Beera 91’s largest fund. There is a strong recovery in demand for beer, led by young and new consumers.
The Indian beer market is projected for this decade to be $8 billion by value sales, growing to $20 billion by 2030,” confirming the investment. CEO Ankur Jain said. Bira will use the funds to expand its existing facilities while increasing production capacity by launching 91 new breweries.
Additionally, the money will also be used to expand the company’s distribution footprint across India and globally and to enhance Bira 91’s product development and innovation capabilities, the company said in a statement.
On the other hand, Kirin Holdings Singapore expressed happiness in investing in the ‘Make in India’ tour.
“As the world’s fifth largest economy with increasing digitalization and a stable, growth-oriented government, we are very excited to further invest in the ‘Make in India’ journey for the country,” said Hiromasa, Managing Director, Kirin Holdings Singapore.
Honda. Honda added, “We believe Beera 91 has the potential to premiumize Indian beer through innovation by brewing high-quality products for consumers across the country.”
It may be mentioned here that Beera 91 recently announced the goal of becoming India’s first carbon-neutral beer company.
It has set up the B9-Kirin Center for Sustainable Growth out of its New Delhi headquarters for this. “As we look forward to strong growth in revenue, market share, and profitability over the next several decades, we are excited to deepen this long-term partnership,” Jain added.
Launched in 2015, the company last month acquired India’s largest alco-beverage chain The Beer Cafe in an all-stock deal.
Bira 91 has a portfolio of 10 different flavors in its portfolio and is present in 550 cities in 18 countries across the world.
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