This bit is important and timely, so we are breaking our regular publishing schedule for this note.
After months of busting its gut, craft beer brand Bira has finally raised funding from an investor outside of the usual suspects. On Monday, the Sequoia Capital India-backed company announced that it had raised $30 million from Japanese beer maker Kirin Holdings. The infusion is a 50:50 split between equity and debt, and makes Kirin the owner of under 10% of Bira. With this round, Bira is reportedly valued at $300 million.
To begin with, this news is definitely a relief. For both …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Mumbai