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Tuesday, May 28, 2024

Bira 91 raises $25 million to increase its production capacity

<p>Tiger Pacific Capital, an Asia-focused firm with offices in New York and Hong Kong, is providing $25 million in fresh capital to B9 Beverages Ltd, the parent company of Bira 91, which announced this on Wednesday.</p>
<p><img decoding=”async” class=”alignnone wp-image-479586″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-bira-91-raises-25-million-to-increase-its-production-capacity-img-5892-750×500.jpeg” alt=”theindiaprint.com bira 91 raises 25 million to increase its production capacity img 5892″ width=”1000″ height=”668″ title=”Bira 91 raises $25 million to increase its production capacity 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-bira-91-raises-25-million-to-increase-its-production-capacity-img-5892-750×500.jpeg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-bira-91-raises-25-million-to-increase-its-production-capacity-img-5892-1024×683.jpeg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-bira-91-raises-25-million-to-increase-its-production-capacity-img-5892-768×512.jpeg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-bira-91-raises-25-million-to-increase-its-production-capacity-img-5892.jpeg 1200w” sizes=”(max-width: 1000px) 100vw, 1000px” /></p>
<p>According to a statement from the firm, the new investment is a part of a $50 million round that also included participation from Tiger Pacific Capital of New York and Kirin Holdings of Japan, the company’s current investor.</p>
<p>Ankur Jain, the founder and CEO of Bira91, said, “This new partnership will strengthen the company’s balance sheet considerably as Bira 91 takes next steps to drive growth across markets and strengthen its supply chain.”</p>
<p>“We will expand our manufacturing footprint to new regions, including Uttar Pradesh,” he said, stating that he will do so with this funding.</p>
<p>Six sizable production facilities are owned by the corporation throughout the nation.</p>
<p>After only multinationals like Heineken, AB-Inbev, and Carlsberg, Bira 91 is now the fourth-largest beer business in India. The firm has grown at a double-digit rate since its founding nine years ago.</p>
<p>The firm also owns The Beer Cafe, the biggest chain of beer-focused pubs in the nation.</p>
<p>Tiger Pacific Capital’s founder, Run Ye, said, “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.”</p>
<p>Established in 2015, B9 Beverages has the support of prominent investors such as Kirin Holdings, the top beer firm in Japan, MUFG Bank, the biggest bank in Japan, Sofina of Belgium, and Peak XV Partners.</p>

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