News > Bira in talks with foreign investors for up to 20% stake sale

Bira in talks with foreign investors for up to 20% stake sale

News India | 12/08/2020 11:40 PM | Click to read full article

India’s B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company. PitchBook estimates Bira was valued at $210 million in 2018. Sequoia Capital holds a 45% stake in the company, while CEO Ankur Jain and his family own around 30%.

“We’ve been looking for a combination: (an) international beer company as a strategic investor and a separate financial partner."