Craft beer brand Bira 91 raises $20-M from Valiant, SKS Capital, others

Craft beer company Bira 91 has raised close to USD 20 million in its Pre-Series D round, founder. The company has already received USD 4.8 million from more than two dozen investors as part of this round. Valiant Mauritius Partners FDI Limited has invested INR 6.2 crore for 1,24,908 compulsory convertible preference shares (CCPS). Green Rush Holding, SKS Capital & Research, Pyramid City Projects and its existing investors have also participated in the round. Founded in 2015, Bira 91 currently makes eight beer varieties. The company operates four breweries in India and has offices in nine cities including New York City.