DEAL DETAILS
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B9 Beverages Private Limited | Series D fund raise- from Kirin Holdings Pte Ltd |
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NO |
HEADINGS |
DETAILS |
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1.
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Sector |
Alcohol beverages |
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2.
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Announcement Date |
22-Nov-2022 |
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3.
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Completion Date |
On-going |
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4.
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Name of Client |
B9 Beverages Private Limited |
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5.
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Issuer Details |
B9 Beverages Private Limited | India (Bira 91) B9 Beverages is a start up with the mission to bring a craft beer revolution in India. It is engaged in the business of manufacturing and marketing of Bira91 beer. |
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6.
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Subscriber Details |
Kirin Holdings Japan (invested through the Singapore entity Kirin Holdings Pte. Ltd.) |
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7.
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Deal Description |
Advised Bira 91 in relation to its second round of investment of USD 70 million from Kirin Holdings Pte. Ltd. Kirin Holdings had earlier invested USD 30 million in Bira 91 in 2021. |
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8.
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Total Consideration |
USD 70 Million |
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9.
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Team Members |
The core team consisted of Mayank Singh (Partner), Kairavi Shah (Senior Associate), Suchita Vyas (Associate) and Esha Chauhan (Associate) with assistance from the following: |
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10.
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Role of Firm |
Advised Bira 91 in relation to it equity investment through (Series D) of USD 70 million from Kirin Holdings Pte. Ltd. |
