(Updated) Sequoia-backed craft beer maker Bira91 raising $20m bridge round

(Updated) Sequoia-backed craft beer maker Bira91 raising $20m bridge round

Photo: Reuters

B9 Beverages Pvt. Ltd, the maker of craft beer Bira91, is raising $20 million in bridge financing ahead of a larger funding round planned for this year, it confirmed.

“Bira 91 confirms the fundraising round is a $20m bridge with valuation that is at an undisclosed discount to the next round. The company is raising this bridge round with existing and new investors in anticipation of a larger fund raise later this fiscal year,” it said.

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