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Sequoia-backed Bira 91 eyes up to Rs 450 cr sales in FY19

Bira 91, owned by B9 Beverages, began operations in February 2015

Press Trust of India  |  New Delhi 

Sequoia-backed Bira 91 eyes up to Rs 450 cr sales next fiscal

Capital-backed premium beer maker 91 is eyeing up to Rs 450 crore sales next fiscal as it expands its footprint in and overseas.

"We are looking at clocking Rs 400-450 crore sales in the next financial year. We plan to enter new cities in and going deeper in the existing markets. We will also look at entering new overseas markets by early next year," 91 Founder Ankur Jain told PTI.


91, owned by B9 Beverages, began operations in February 2015 and expects to close this fiscal with sales of Rs 180 crore.

The company is aiming at leadership position in the premium segment, Jain said.

At present, sells in seven cities in and New York in the US.

It plans to expand operations to 20 cities in and enter new markets such as Singapore, Thailand and by early next year.

The company's third brewery coming up in will also become operational in the next quarter.

"With addition of our third brewery, our production capacity will go up from 3.5 lakh cases a month to 10 lakh cases a month," Jain said.

91 currently has one brewery in Indore and Nagpur each.

When asked if the company is looking at raising fresh funds in the near future, Jain said, "We have adequate funds to support our expansion plans and we are not seeking fresh investments."

The company so far has raised USD 35 million from venture capital firm Capital.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, October 08 2017. 16:49 IST
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