• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Bira 91 bags INR 9.3 Cr in funding from multiple angel investors

Chhavideep Singh by Chhavideep Singh
January 21, 2021
in Business, Startups
0
Bira91
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin
Bira91
Source: Thareja

World-class craft beer manufacturer, B9 Beverages Private Ltd.’s wildly popular Bira 91 is one of the most liked beers in all of India. The modern beer brand aims to provide flavourful beers to the new age world and with a strong portfolio, it drives the global shift in beer towards more playful, colourful and flavoured beverages.

You might also like

Disney CEO Bob Iger Confirms 2026 Exit and Affirms ABC’s Non-Sale Status: What This Means for Disney’s Future

Google Canada News Deal

Tech Titans Summoned to US Senate for Online Child Exploitation Hearing

Recently, the brand has received INR 9.3 crore in funding from multiple angel investors including Nishant Mittal, Pankaj Chaddah and Shikha Sunil Chandak. This funding was received after the company received USD 20 million in a bridge funding round from lead investors- Sequoia Capital India and Belgium-based investment company, Sofina.

According to a report by Entrackr,

  • Sanjeev Singh invested INR 2 crore.
  • Majithia Family office invested INR 1.45 crore.
  • Vineeta Gupta invested INR 1 crore.
  • Suprati Private Ltd. invested INR 1 crore.
  • Chandak invested INR 1.04 crore.
  • Naveen Sangari invested INR 1 crore.
  • Kais Holding invested INR 71.52 lakh.

Sources have reported that this latest infusion of funding has been received at a very crucial point for the craft beer brand, as Bira 91 intends to dive into non-alcoholic beverage sector.

Another major investment of INR 75 lakh has been made by Pankaj Chaddah- co-founder of Zomato and mental wellness service, Mindhouse.

Nishant Mittal invested INR 34 lakh, according to regulatory filings accessed exclusively by Entrackr.

The regulatory filings also mention that consistent yearly participant and also lead investor of Bira 91, Sequoia Capital India remains the largest stakeholder in the brand with a stake worth 42.19%.

According to CrunchBase, Ankur Jain led Bira 91 also raised INR 11.5 crore, last month in similar funding round from multiple angel investors.

The unfortunate COVID-19 pandemic has shown its effect on beer sales as well; with bars and cafés closed because of the nation-wide lockdown, the sale figures that would cross 60% of the entire business during the summer season could no do that this year.

Furthermore, because of this business hit, the previous plans of the company to introduce new flavoured beers into the market have changed and now Ankur Jain has decided to turn his head towards non-alcohol-based beverages market. The company eyes at making juices, carbonated drinks, sports drinks, energy drinks, sparkling water etc.

Bira 91 is all set to step foot out of its core beer business.

The word Bira is derived from the Punjabi term for ‘brother’ and the quirky monkey logo has a symbolic meaning that the beer targets new age millennials as their consumers. Apart from beer, the company also launched a bunch of merchandising products such as glasses, mugs, apparel, ice-buckets etc.

Also check: buy Chianti

Tags: Bira91funding
Tweet54SendShare15
Chhavideep Singh

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: chhavideep@connasys.com

Recommended For You

Disney CEO Bob Iger Confirms 2026 Exit and Affirms ABC’s Non-Sale Status: What This Means for Disney’s Future

by Rounak Majumdar
December 1, 2023
0
Disney CEO Bob Iger Confirms 2026 Exit and Affirms ABC's Non-Sale Status: What This Means for Disney's Future

Disney CEO Bob Iger made headlines earlier today when he revealed his intention to leave the company in 2026. This announcement coincides with a great deal of conjecture...

Read more

Google Canada News Deal

by Rounak Majumdar
December 1, 2023
0
Google Canada News Deal

In a major concession to the Canadian news industry, Google has decided to pay news publishers in Canada $73 million a year to feature their material in search...

Read more

Tech Titans Summoned to US Senate for Online Child Exploitation Hearing

by Harikrishnan A
December 1, 2023
0
Meta Faces Heat Over Allegations of Hosting Underage Users on Instagram

The US Senate Judiciary Committee has scheduled a hearing on January 31, 2024. This hearing is being held to address the pressing issue of online child exploitation. The...

Read more
Next Post
Ola Electric

Ola to set up world's largest scooter factory in Tamil Nadu, invests $327M

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Produce Read-Only or Write Protected USB Flash Drives with Nexcopy USB Duplicator Systems.

Related News

Cybertruck in a showroom

Tesla Cybertruck Showroom Locations: Where to See the Electric Beast in Person

November 24, 2023
How To Get To Bean Valley in Super Mario RPG

How To Get To Bean Valley in Super Mario RPG

November 19, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
Blooket

How to hack blooket

September 30, 2022
Instagram

How to unfreeze Instagram account

November 21, 2021

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?