Bira 91, a craft beer manufacturer, has secured $25 million in funding from its current investor, Kirin Holdings, through ECB (External Commercial Borrowing).
The company has amassed $50 million in the past three months as a result of this infusion. In March, it secured $25 million from Tiger Pacific Capital.
A resolution has been enacted by the Bira board to raise $25 million from Kirin Holdings through ECB (external commercial borrowings) in two tranches of $12.5 million each.
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Kirin Holdings has also been granted the option by Bira91 to convert the ECB that was previously raised into Series D CCPS.
Bira 91 has raised approximately $350 million to date, which includes a $70 million Series D round anchored by Japanese integrated beverages company Kirin Holdings in November 2022.
Bira 91 manufactures a variety of beer varieties, such as Bira White, Gold, Bira Blonde, and Boom Super Strong, among others. The company brews its beer at six manufacturing facilities in India and operates in over 1,000 towns across 25 countries.
About Bira 91
Founded in 2015 by, Ankur Jain, Bira a refreshingly modern beer brand, Imagined in India, Bira 91 aspires to bring flavorful beers to the new world.
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