BIRA91
![This Indian craft beer maker is betting on a $70 million beer factory to take on global brews](https://img.etimg.com/thumb/msid-112416234,width-100,height-75,resizemode-4/industry/cons-products/liquor/this-indian-craft-beer-maker-is-betting-on-a-70-million-beer-factory-to-take-on-global-brews.jpg)
This Indian craft beer maker is betting on a $70 million beer factory to take on global brews
B9 Beverages Ltd, supported by Kirin Holdings, aims to surpass global beer brands by building India’s largest beer factory for $70 million. The company is planning a 2026 public listing and partnered with Morgan Stanley for fundraising, focusing on expanding production and enhancing profitability.
![Bira91 maker brews plans to tap capital market in 2026](https://img.etimg.com/thumb/msid-111817425,width-100,height-75,resizemode-4/industry/cons-products/liquor/bira91-maker-brews-plans-to-tap-capital-market-in-2026.jpg)
Bira91 maker brews plans to tap capital market in 2026
The development comes amid supply shortages of Bira91 over the past few quarters across some of India's largest spirits markets including Delhi, Karnataka and Haryana, profitability pressures, and a surge of competitors in the craft beer space.
![Indians like to have a swig of premium beer](https://img.etimg.com/thumb/msid-111560182,width-100,height-75,resizemode-4/industry/cons-products/liquor/indians-like-to-have-a-swig-of-premium-beer.jpg)
Indians like to have a swig of premium beer
Premium beers significantly outpaced the overall beer market in FY24, with a 25-30% volume growth compared to the 8-10% growth of the beer category. Bira91's Taproom pubs in Ludhiana are finding success with flavored premium beers, challenging stereotypes in Punjab. Companies like United Breweries and AB InBev are capitalizing on the trend, with the Indian beer market projected to reach Rs 62,240 crore by 2028, driven by premiumization and changing consumer preferences.
![Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg](https://img.etimg.com/thumb/msid-108245948,width-100,height-75,resizemode-4/industry/cons-products/liquor/pre-ipo-party-tiger-pacific-capital-latest-to-pour-into-bira-91-keg.jpg)
Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg
Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities.
![Japanese Co Kirin to invest $25m more in B9 beverages](https://img.etimg.com/thumb/msid-107802112,width-100,height-75,resizemode-4/industry/cons-products/liquor/japanese-co-kirin-to-invest-25m-more-in-b9-beverages.jpg)
Japanese Co Kirin to invest $25m more in B9 beverages
The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above.
![Bira91 parent plans a Rs 400-crore fund shot for expansion plans](https://img.etimg.com/thumb/msid-105735823,width-100,height-75,resizemode-4/industry/cons-products/liquor/bira91-parent-plans-a-rs-400-cr-fund-shot-for-expansion-plans.jpg)
Bira91 parent plans a Rs 400-crore fund shot for expansion plans
The fresh fundraise comes at a time when the Indian beer market is forecast to almost double to $10 billion in a decade. This is expected to come from robust out-of-home demand at bars, restaurants, hotels, younger consumers, an evolving retail environment and new flavours and innovation in craft beers. The increase will come despite the Indian alcobev market being heavily taxed and pricing being controlled by individual state governments.
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ICC net surplus down 36 per cent in 2022, revenue also declines
The International Cricket Council (ICC) has seen a 36% drop in net surplus for the fiscal year ending December 31, 2022, with revenue falling by 7% to $432 million. The ICC earns the majority of its revenue from media rights and sponsorships, with approximately 80% of its revenues coming from the Indian market.
Bira 91 says Mysuru brewery becomes India’s first net zero brewery
Bira 91, a craft beer brand backed by Sequoia Capital India, has become India’s first net-zero brewery. The Mysuru brewery is leading to significant cost savings in manufacturing efficiency, with energy costs declining by 40-50%. Bira 91 raised $70m from a funding round led by Japanese beer company Kirin Holdings, and another $10m from MUFG Bank over the past five months. The company aims to become India’s first net-zero beer company by 2025. Plans include shifting to clean energy and reduction in energy consumption and water usage.
Spirits down at Delhi restaurants and bars
The beer shortage comes at a time when demand is expected to exceed well over pre-pandemic numbers, with a massive surge in dining-out, hot summer season, and proliferation of new craft variants and flavours led by brands like Bira 91 and Simba.
Bira beer maker raises $10 million from MUFG Bank
Bira 91, a beer company from India, has raised $10 million from MUFG Bank, Ltd, Japan's largest bank. The investment comes after the company recently raised $70 million in Series-D funding round, led by Japanese beer company Kirin Holdings Co. This is investment showcases a strong belief in Bira 91 and its growth potential. The beer brand continues to grow at a rapid pace, tripling its market share from pre-covid levels, it said in a statement
Bira 91 raises $10 million from Japan's MUFG Bank
Presently with a market share of 5% across key regions in India, Bira 91 has tripled its pre-COVID numbers.Brewer refrained from disclosing valuation or MUFG's stake in it after funding round.
Millet-based foods: Soon you will be spoilt for choice
"We are innovating on functional ingredients by incorporating more of super grains, seeds, nuts and fruits with whole grains in our foods, actively engaging with partners and also looking for appropriate opportunities in this evolving space," said Sudhir Nema, chief development and quality officer at India's largest biscuits maker Britannia.
Bira 91 raises $70 million in Kirin-led funding round
Bira did not say what its valuation or Kirin's stake would be after the funding round, but said it would use the funds to build new breweries and expand existing facilities, increasing its footprint, which spans 550 towns in 18 countries.Kirin, which first invested $30 million in Bira for an under 10% stake last year, was set to pump in the additional funds for an around 15% stake at an equity valuation of $450 million, Reuters reported in September.
Japan's Kirin raises stake in Bira 91 to about 20% for ₹570 crore
The fundraise comes at a time when beer consumption is seeing strong recovery after two years of pandemic-induced stress that led to closure of bars and restaurants, followed by curbs on operating hours of bars and serving of alcohol.
Bira 91 acquires The Beer Cafe in all-stock deal
Bira 91 will get a retail presence through The Beer Cafe's 33 outlets, while the pub chain gets the beer company's support in innovations and supply chain.
Bira 91 partners with VAHDAM India to launch Chamomile Tea Lager
The Chamomile Tea Lager has been brewed with a special blend of high-quality green tea, pure chamomile, and dried orange peels, which makes this beer crisp, zesty and refreshing. The beer is extremely sessionable, easy to drink and an ode to the comfort we seek in a hot cup of tea on a rainy day, or a chilled beer after a long day's work, said a media release issued by VAHDAM India.
D2C skincare brand Ras Luxury Oils raises $2 million funding from Sixth Sense
Luxury Oils plans to use the funds raised in the round for launching new products and establishing an international presence.
Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO
Known for its cartoon punk monkey mascot and backed by Sequoia Capital and Japanese beverage firm Kirin Holdings Co., B9 has tapped investors for about $50 million so far this year.
Bira 91 raises $30 million from Japan's Kirin Holdings
The $30 million funding will give Japan's Kirin Holdings less than 10% stake in Bira 91 and an estimated $300 million valuation to the Indian craft beer maker.
Covid-19 impact: Liquor firms fear return of restrictions amid chaos at outlets
Retailers that opened doors in Karnataka, Maharashtra, Delhi, West Bengal and Andhra Pradesh noted serpentine queues as tipplers planned stock piling after the long period of prohibition. Several stores across the country ran out of stock by 11 am, executives said.
Bira 91 owner B9 Beverages raises $20 million in bridge financing from Sequoia Capital, Sofina
Bira competes with the likes of global beverages giants Anheuser-Busch InBev, Carlsberg and United Breweries, among others. Additionally, the round has also seen participation from Korean private equity fund Neoplux and multiple family offices, whose names have not been disclosed.
Bira91 taps into customers to brew new launches
On its fifth anniversary, the company said it was looking to launch 40-50 different limited release beers in the next one year to chance upon those winning brews. At its new taproom in Bengaluru, Bira91 said it would launch one new beer a week, brewed in small batches at its newest brewery in Mysore.
Coming soon to a pub near you: A draught of fresh beer
Brewers such as UB, AB InBev, Bira91 and Simba pouring draught beer versions of their brands.
Bira raises $10 million in debt funding, to ramp up output
The company to raise another $75 million in fresh equity, hires Credit Suisse to find new investors.
Our capacities have grown five-fold, believe we can displace incumbents: Ankur Jain, B9 Beverages founder
B9 beverages, the maker of Bira 91, is eyeing mass market with the launch of a new brand of beer.
ICC ropes in Coca-Cola as official sponsor
ICC has signed similar partnerships with alcobev brands,Royal Stag and Bira 91.
Sequoia-backed B9 beverages raises $50 million from Sofina
Sofina’s investment in Bira is the latest by the Belgian investment firm which has backed a number of leading Indian consumer and consumer technology ventures.
Bira 91 eyes up to Rs 450 cr sales next fiscal
Bira plans to expand operations to 20 cities in India and enter new markets such as Singapore, Thailand and Malaysia by early next year.
Good news, Bira lovers! Fifth beer, IPA, launched in India
Bira 91 has launched the beers in Delhi-NCR, Mumbai, Bengaluru and Pune across 250 restaurants and bars.
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