Bira91 has raised Rs. 570 crores from Japan's beverage group Kirin Holdings in Series D funding, valuing the company at $550-600 million after the fundraise. This funding took Kirin's Holdings' shareholding to nearly 20% in the Company from 10%. The company will use the fund to expand its production capacity, open new breweries, and upgrade existing facilities. The company will also utilize the capital to expand its distribution network domestically and globally. Said the Company officials in a statement. The company has so far raised $200 million from different investors such as SCI Investments V, Sofina Ventures S.A., Sequoia Capital India, and Kirin Holdings. The company acquired the pub chain The Beer Cafe last month. Established in 2015, Bira 91 is driven by a dynamic team of over 600+ passionate beer lovers and is now spread across 500 towns and cities across 15 countries, brewing its beer across five breweries in India. The company performed significantly well despite the pandemic. The revenue of the company amounted to Rs. 431 crore. The losses of the company decreased by 21% in FY22. “Over the last year, Kirin Holdings has worked with the management team of Bira91 across some of the key aspects of the business, especially in areas of manufacturing capability and sustainability." "We are delighted to see the growth Bira91 has witnessed post the pandemic and we strongly believe that Bira91 has tremendous potential in this growing market,” said Hiromasa Honda, Director, Kirin Holdings Singapore.