Company Name : Bira 91
Funding Amount : $6 million
Investor(s) Sequoia Capital . .
Funding Round : Series A
Domestic beer brand, Bira 91 has raised $6 million from Sequoia Capital in Series A funding.
Snapdeal’s Kunal Bahl and Rohit Bansal, Zomato’s founder Deepinder Goyal and Ashish Dhawan who co-founded ChrysCapital also participated in the funding round.
The startup which is currently operational in Delhi, Mumbai, Bangalore, Kolkata, Goa, Pune and Chandigarh, was founded in 2013 by Ankur Jain. The raised funding will be used for marketing activities and starting a production facility in Madhya Pradesh by March this year.
The startup claims to have achieved a penetration of 70% in all our markets and clocked a 30% share in the premium segment.