An Indian craft brewer backed by Japan¡¯s Kirin wants to overtake entrenched global brands by building a $70 million beer factory and raising fresh funds ahead of a public listing in 2026.
B9 Beverages is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India¡¯s biggest beer factory and expand production, founder and Chief Executive Ankur Jain said in an interview. The company currently leases six brewing units and sells an equivalent of 8 million cases of bear a year.
The New Delhi-based company has also appointed investment bank Morgan Stanley to lead another round of fundraising ahead of the IPO.
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