Bira 91 raises $70 Mn from Kirin Holdings
Image Credit: enterpreneur
Indian beer startup Bira 91 has raised $70 Mn (INR 572 Cr) from the Japanese beverage conglomerate Kirin Holdings. Kirin has increased its stake in the beer startup from below 10% to nearly 20%. In a company statement, the beer startup said it would be deploying the incoming funds to build new breweries and expand the production capacity of existing breweries.