India: Bira 91 maker seeks to raise $100m to boost growth

India: Bira 91 maker seeks to raise $100m to boost growth

Photo: Reuters

B9 Beverages Pvt. Ltd, the maker of Bira 91 brand of craft beer, has launched its biggest-ever fund raise of as much as $100 million, said two people, requesting anonymity.

The Sequoia Capital-backed company intends to utilize the proceeds of the Series C fundraise to support its growth plans. That includes increasing sales of Boom, its latest mass market beer brand.

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