Indian beer maker Bira 91 on Thursday raised USD 10 million from Japan's MUFG Bank, the companies said in a statement on Thursday, as the New Delhi-based brewer looks to ramp up production and tap rising demand.
According to media reports, the investment comes more than three months after it secured $70 million in a funding round led by Japanese beer maker Kirin Holdings Co (2503.T).
Bira 91 holds a market share of 5 per cent across key regions in India, tripling its pre-COVID numbers, the statement said.
(With inputs from REUTERS)