The new investment is part of a $50 million round raised by the company, with participation from its existing investor,
"As Bira 91 takes next steps to drive growth across markets and strengthen its supply chain, this new partnership will strengthen the company's balance sheet considerably," said
With this capital, "we will expand our manufacturing footprint to new regions, including Uttar Pradesh," he added.
The company has six large-scale manufacturing plants in the country.
Bira 91 is now the fourth largest beer company in
The company also owns the country's largest beer-focused pub chain, The Beer Cafe.
"We are excited to partner with emerging companies in India, especially brands like Bira 91 with a unique understanding of the new Indian consumer, and a strong local manufacturing footprint," said
Founded in 2015, B9 Beverages is backed by leading investors including Japan's leading beer company, Kirin Holdings, Japan's largest bank, MUFG Bank, Sofina of Belgium, and Peak XV Partners (formerly Sequoia India).
SEE ALSO:
$4
$4
$4