Friday, June 21

Tag: Beer

Danish Brewer Carlsberg Plans India IPO
Market

Danish Brewer Carlsberg Plans India IPO

The popular beer manufacturer Carlsberg is working out on a local initial public offering (IPO) of its Indian business. The Danish brewer is reportedly looking for potential i-bankers for the share sale over the next few weeks. The Carlsberg Group is a Denmark-based company that is one of the leading brewery groups in the world today. The company is mainly known for its large portfolio of beer. It started its operations in India in 2007 but the Indian customers have been consuming its beer much before that. The credit of the success of Carlsberg’s products globally and in India can be given to the quality consciousness and the technological proficiency developed by the breweries. And because of these attributes, Carlsberg has been positioned on the third rank among the world’s largest b...
Beer Startup Bira 91 Raises Funding
FUNDING

Beer Startup Bira 91 Raises Funding

B9 Beverages, the company producing Bira 91 beers, a low-calorie beer recently raised non-convertible debentures to Anicut Capital, an asset management platform based in Chennai. The company, backed by American Venture Capital company Sequoia Capital, allotted 100 debentures worth Rs 10 crore to Anicut Capital in Mid-April. In March, the company also raised around Rs 5 crore from the Chennai based asset management company. Bira 91 is a startup that aims bringing craft beer, “handmade one barrel at a time”, to the Indian public and the United States. The New Delhi-based startup founded in February 2015 aims bringing an alternative quality beer to the international beverages imported in India. Bira 91 arrived in the Indian market in full force and went from selling 150,000 cases of ...