Tiger Pacific Capital, a private equity firm, has recently acquired approximately 4% of B9 Beverages, the renowned maker of Bira 91 beer and owner of The Beer Cafe chain, investing a substantial $35 million. According to knowledgeable executives within the company, this move signals a step towards a potential stock market listing in the future.

Ankur Jain, the CEO of B9 Beverages, expressed enthusiasm about the strategic partnerships and involvement of reputable financial sponsors from Japan, New York, and India, which he believes set their capital structure apart. He emphasized how this diversified support enables the company to harness various strengths, capital resources, and business prospects across different regions. However, Jain refrained from commenting on any specific IPO plans at this time.

Highlighting the significance of this investment, another executive familiar with the matter mentioned that Tiger Pacific Capital represents the first crossover fund to join B9 Beverages' investor base. The infusion of funds is aimed at bolstering B9's financial foundation and accessing new investor networks that focus on both pre-IPO ventures and listed securities.