As it sets its eyes on expansion into overseas markets, B9 Beverages Pvt. Ltd, the maker of the Bira 91 beer, has raised $50 million in a round led by Belgian family-owned fund Sofina, according to a Times of India report.
The latest round of funding, which was joined by existing backer and majority shareholder Sequoia Capital India Advisors, values the beer maker at around $210 million, the report said. The round brings B9’s total external funding to about $30 million.
