Bira91, Delhi based craft beer brand company has secured $4.3 million (Rs 30 crore) in fresh funding as part of bridge investment round. As per the latest filings of the company to the Ministry of Corporate Affairs, the capital has come from Sixth Sense Ventures as well as debt funding from Anicut Trust.
Notably, the firm had raised $50 million from Sequoia Capital just last year in May. The current round takes the total amount raised by the firm to $87.8 million. The company counts Flipkart chief executive Kalyan Krishnamurthy, Zomato founder Deepinder Goyal, Snapdeal founders Kunal Bahl and Rohit Bansal among its backers.
The company was founded by Ankur Jain in 2015. The multiple flavored beers by the beverage firm are available in the cities like Delhi, Mumbai, Goa, Kolkata, Bengaluru, Pune, and Chandigarh. Interestingly, the firm has already started working out on their plans of international expansion with the US being the main target.
The company's employee strength stands at around 350 with offices in 9 top cities along with a presence in New York City. While United Breweries continue to be at the top in the terms of the largest brewery, the likes of Carlsberg, SABMiller India, Som Distilleries and Breweries Ltd, and Anheuser-Busch Inbev along with B9 are doing exceptionally well to disrupt the scenes.
As fresh funds pour in the glass of the firm, it will be interesting to see how the company serves its customers better and bigger using the funds.