Indian craft beer maker B9 Beverages Pvt., better known for its Bira 91 beer brand, has raised about INR 82 crore (USD 10 million) from Japan's largest bank, MUFG Bank Ltd. The investment comes more than three months after Japanese brewing group KirinHoldings in a second financing round invest another USD 70 million in the New Delhi-based company, raising its stake from formerly less than 10 percent (inside.beer, 5.1.2021) to about 15%. (inside.beer, 20.09.2022)
"With this investment, Bira 91 will continue to ramp up its production, bolster supply chain, and enhance innovation capabilities," the company said in a press release.
Last October, the New Delhi based beer maker concluded two deals within two days, Kamakhya Beer & Bottling Private Limited, a local brewery located in Bijnor, Uttar Pradesh, India in a share swap deal and Indian beverage chain operator The Beer Café for an undisclosedsum. (inside.beer, 12.10.2023)
Bira 91 claims to be the fourth-largest beer company in India, with a market share of 5%. The company has five manufacturing facilities in the country.
“With this partnership, we are eager to work with the Bira 91 team to further their growth story and enhance their footprint in India as well as across the globe," said Yasuhide Hayashi, Executive Officer at MUFG Bank.
