Premium beer firm, Bira 91, has raised $10m from MUFG Financial institution, Ltd. (MUFG Financial institution), Japan’s largest financial institution, because the model continues to develop at a speedy tempo, tripling its market share from pre-covid ranges.
The funding comes after the corporate not too long ago raised $70 million in a Collection-D funding spherical, led by Japanese beer firm Kirin Holdings Co. With this funding, Bira 91 will proceed to up its manufacturing, bolster provide chain and improve innovation capabilities.
Yasuhide Hayashi, government officer, MUFG Financial institution, stated: “MUFG Financial institution has persistently invested within the India progress story. The Indian beer market is booming, owing to components similar to altering life-style of shoppers, a rising choice for the alcoholic beverage and rising model consciousness relating to imported and premium beers.”
Because the fourth-largest beer firm within the nation, Bira 91 holds a market share of 5% throughout key markets in India. With 5 manufacturing amenities within the nation, Bira 91 holds a mixed manufacturing footprint of about 2.5 million hectolitres together with a presence throughout 550 cities and 18 international locations worldwide.
