Sequoia-Backed Indian Beer Maker Plans Fifth Brewery Before IPO
- Local craft beer brewer is looking at final fund raise in 2021
- Maker of hugely popular Bira 91 also backed by Japan’s Kirin
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B9 Beverages Pvt., the owner of Indian craft-beer brand Bira 91, will open its fifth local brewery before the end of the year as it seeks to capture swelling demand in the country for more flavorsome tipples before a planned initial public offering.
The new brewery in Madhya Pradesh -- Bira’s second in the central Indian state -- will initially add 400,000 hectoliters a year, Ankur Jain, the 41-year-old chief executive officer, who established the brewer in 2015, told Bloomberg News in an interview.