India's new favourite beer Bira91 raises $4.3 million in a pre-series C round

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  • Bira91 has raised $4.3 million from Sixth Sense Ventures according to filings sourced by paper.vc.
  • Its previous investors include Sequoia Capital, Flipkart CEO Kalyan Krishnamurthy and the likes of Farhan Akhtar, Zoya Akhtar and Ritesh Sidhwani.
  • However, this round could be an indication of a bigger fundraising in the near future.
Indian beer company Bira91 has raised $4.3 million in a pre-series C round, according to filings sourced by paper.vc.

This beer brand which has been around for only four years, is popular amongst millennials. However, paper.vc also noted that this is a bridge round, and that Bira91 might soon head for a bigger Series C round.

The company raised this current round from Sixth Sense Ventures, whose portfolio includes companies like gaming league Smaaash, FMCG startup Veeba amongst others.

Bira91, founded by Ankur Jain, was one of India’s first bottled craft beer startups, which is growing fast across and beyond the country. It already exports to the US and is eyeing other geographies too.

Its previous investors include Sequoia Capital, Flipkart CEO Kalyan Krishnamurthy as well as celebrities like Farhan Akhtar, Zoya Akhtar and Ritesh Sidhwani.

The startup has clinched a deal with the International Cricket Council (ICC) as its official partner for the next 5 years, including the upcoming ICC Cricket World Cup 2019.

It recently launched a drink for the masses called – Bira91 Boom beer, which is available across 10 states in the country.

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