Indian craft beer brand Bira 91 owned by its parent company B9 Beverages raises $ 25 million in a funding round led by an Asia-focused Fund Tiger Pacific Capital which has its headquarters in Hong kong & New York.

The newly acquired fund by the company is a part of $50 million round with a presence of its current existing investor Kirin Holdings from Japan and Tiger Pacific Capital from New York.

Speaking to this investment, Ankur Jain, Founder & CEO, Bira 91 says, "As Bira 91 takes next steps to drive growth across markets and strengthen its supply chain, this new partnership will strengthen the company’s balance sheet considerably”. “With this capital we will expand our manufacturing footprint to new regions, including Uttar Pradesh,” Ankur added.

On this fund raise, Run Ye, Founder, Tiger Pacific Capital said, “We are excited to partner with emerging companies in India, especially brands like Bira 91 with a unique understanding of the new Indian consumer, and a strong local manufacturing footprint”.

Established in 2015, B9 Beverages is nurtured by prominent investors comprising Kirin Holdings – leading beer company in Japan, MUFG Bank –Largest bank in Japan, Sofina from Belgium & Peak XV Partners from India. The company has totally six manufacturing plants across the nation.

Behind the multinational beer companies such as Heineken, AB-Inbev & Carlsberg, Bira 91 is the fourth biggest beer company in India, which has witnessed an intense double-digit development since its foundation 9 hours ago.