Beer Brand Bira 91 Bags $10 Mn Funding From Japan’s MUFG Bank

Beer Brand Bira 91 Bags $10 Mn Funding From Japan’s MUFG Bank

SUMMARY

Bira 91 would deploy the fresh funds to ramp up its production, bolster its supply chain, and improve innovation capabilities

It has raised $290 Mn to date, including the latest funding, from investors such as Sixth Sense Ventures, Sofina and Sequoia India

In October 2022, the beer startup acquired the alco-beverage chain The Beer Cafe and brewery company Kamakhya Beer & Bottling

Indian beer startup Bira 91 has raised $10 Mn from Japan’s largest bank, MUFG Bank, three months after it raised $70 Mn in its Series D funding round from Japanese beer company Kirin Holdings.

In a statement, the craft beer brand said it would use the fresh funds to ramp up production, bolster the supply chain, and improve its innovation capabilities.

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