India: Bira 91 raises $8m from Sequoia, plans to enter new markets

India: Bira 91 raises $8m from Sequoia, plans to enter new markets

B9 Beverages Pvt Ltd has raised around $8 million from private equity investor Sequoia Capital India Advisors, said Ankur Jain, founder of the company that sells the popular Bira 91 craft beer. With the latest round of funding from Sequoia Capital, B9 Beverages has so far raised around $30 million, said Jain.

The fund infusion will help the company enter five new markets—the UK, Singapore, Hong Kong, Thailand and the United Arab Emirates by next summer. The company entered the US market in April 2016, debuting in New York City during the Tribeca Film Festival.

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