Craft beer brand Bira91 raised $5mn from Sequoia, Sofina

Craft beer brand Bira91 raised $5 million from its existing investors, Sofina and Sequoia, where Sofina has put-in Rs 22.84 cr and Sequoia invested Rs 15.23 cr B9 Beverages manufactures craft beer brand Bira 91, available in multiple flavours and has a presence across Delhi-NCR, Mumbai, Goa, Kolkata, Bengaluru, Pune and Chandigarh, the company now operates two breweries in Andhra Pradesh and Karnataka and has offices in 9 cities including New York. Over the last two months of lockdown, India’s liquor market has taken a major hit as business fell to zero. Amid such distress, Bira91 has received INR 38.08 Cr ($5 Mn) from its existing investors.

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