Craft Beer Maker Bira 91 Raises $20 Million

Total Fund Raising - Bira91

The Delhi-based Bira 91 under its company B9 Beverages has raised $ 20 million in a bridge round through Sequoia Capital and Sofina. In 2019, the company had raised some $4.3 million is a pre-Series C round led by Sixth Sense Ventures. After this deal, the company was valued at $246 million.

In all, the company has raised a total of $130 million through different funding rounds. As per ET, the capital will help in the business expansion of Bira 91. The company plans to focus on increasing its market share in the premium section, Currently, the craft maker claims to hold 5% of the overall beer market and around 20% in the premium beer section in India.

With lockdown affecting the business across the country, the food and beverages industry has been majorly hit due to the closedown of pubs and restaurants across the country. Recently, during a webinar with Exchange for media, Deepak Sinha, VP-Marketing, Bira9 said, "It is about doing what is right for your brand. So staying top of the mind in a cost-effective way is critical. We also had a moment of-- what we do, what we say, how often should we communicate, but what we realise is that consumers want to hear from you and not take advantage of the situation."

In FY19-2, the company's revenue had grown by 15.4% to Rs 183 crore. It also had losses of about Rs 202.2 crore.

Sandip Ginodia , Director

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience .
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
Email : ginodiasandip1@gmail.com

Comments

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

Zomato, Swiggy score 1/10 on working conditions for their workers – ET Retail

Some of India's biggest startups have ranked near the bottom when it comes to working conditions for their gig workers , according to a report released Wednesday. While Swiggy , Zomato and Uber India scored 1/10, Urban Company and Flipkart’s logistics arm EKart scored the highest 8/10 and 7/10, respectively, ‘ Fairwork India Ratings 2020: Labour Standards in the Platform Economy’ showed . The report assessed the companies on five principles: fair play, fair conditions, fair contracts, fair management, and fair representation. Deepinder Goyal, chief executive officer of Zomato Media Pvt. Ltd., acknowledged the ratings on Twitter. “Zomato ranked at the bottom of 2020 Fairwork India scores. We knew we had things to work on, but we didn’t know that there is so much room for improvement.” The company takes full responsibility and “will leave no stone unturned to perform better in the rankings next year,” he added. Zomato received a 4/10 in last year's report. According t

Abhishek Securities

Search This Blog