Sequoia Capital, Sofina Capital and Neoplux participated in the round
The funding is said to be a part of a larger $30 Mn round
The lockdown has dried up revenue generated from alcohol sales
Delhi-based craft beer maker B9 Beverages, the parent company of Bira 91, has raised $20 Mn bridge funding in Pre-Series C round led by existing investors Sequoia Capital India and Belgium’s Sofina Capital.
Bridge funding also is known as bridge financing, is intermediate funding intended to cover a business’s short-term expenses until long-term funding is secured.