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 ...