The investment comes after the company recently raised $70 million in a Series-D funding round, led by Japanese beer company Kirin Holdings Co. With this investment, Bira 91 will continue to up its production, bolster supply chain and enhance innovation capabilities.
Yasuhide Hayashi, executive officer, MUFG Bank, said: “MUFG Bank has consistently invested in the India growth story. The Indian beer market is booming, owing to factors such as changing lifestyle of consumers, a growing preference for the alcoholic beverage and rising brand consciousness regarding imported and premium beers."
As the fourth-largest beer company in the country, Bira 91 holds a market share of 5% across key markets in India. With five manufacturing facilities in the country, Bira 91 holds a combined manufacturing footprint of about 2.5 million hectolitres along with a presence across 550 towns and 18 countries worldwide.
