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 per cent in the company, its chief executive told Reuters on Tuesday. "We've been looking for a combination: (an) international beer company as a strategic investor and a separate financial partner," CEO Ankur Jain said in a phone interview, adding that the company was in the "intermediate stage" of raising funds. "We've been talking to beer companies that are not competitive in India or have minimal operations in India." Data provider PitchBook estimates New Delhi-based Bira was valued at $210 million in 2018. U.S.-based Sequoia Capital holds a roughly 45 per cent stake in the company, while CEO Jain and his family own around 30 per cent. Mr Jain declined to name the companies with which it is in talks, but four industry sources said Bira had been in talks with Kirin Holdings, one of Japan's biggest beer ...
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