Ankur Jain is an Indian entrepreneur who founded Bira 91, an Indian Multinational craft beer brand. He is the CEO and Founder of B9 Beverages Private Limited. The parent company B9 Beverages manufactures the beer Bira 91. He launched his beer venture in 2015 and it eventually grew and executed exceptional results from 2017.
Ankur Jain- Biography
|Education||Illinois Institute of Technology, Chicago|
|Known For||Founder, Bira 91|
|Net Worth||Rs.160 Crores|
|Mother||Author, Interior Designer|
Ankur Jain- Personal Life
Ankur was born in 1981 in Delhi. He moved to United States in 1998. His father is an urban planner Architect and his mother is an Author as well as an Interior Designer. He went abroad for his education. He is married and expecting a baby post lockdown.
Ankur Jain- Education
Ankur completed his Bachelor's in Computer Science from Illinios Institute of Technology, Chicago in 2002. He worked with Motorola for a short while. He then started his first venture in Healthcare Revenue Management in New York.
Ankur Jain- Professional Life
After completing his studies in 2002, Ankur continued with his entrepreneurial journey for four consecutive years in US. He then returned to India after selling the New York health-care start up to an undisclosed healthcare provider network. The Healthcare Revenue Management got a new owner and Ankur got good returns. In 2007, he got a job at Reliance Industries but left it post a year. He further decided to start his own venture as a beerpreneur. He has a great taste in beers. He accorded that he wants to taste each and every beer of the world.
Ankur Jain- Success Story
When Ankur acceded to his father that he wanted to become a beerpreneur, his father didn't spoke to him for around four years. Though his beer brand Bira 91 was launched in 2015 via B9 Beverages, but his journey of becoming a beerpreneur started when he returned to India in 2007.
In 2008, Ankur started his own venture by importing 20-30 types of beer, which did not exist in India. His engagement in the beer import aided him to learn the taste of the youths. He started discerning the fact that the youth generally preferred lighter flavors and wheat beers. He was well acquainted with the correct point price that made Indian customers delighted to shell. Ankur was thus ready to establish his own beer brand with brilliant efficacy.
It has been a tough journey for Ankur to escort investors and make them believe in his business plan of international expansion. Today, his venture is one of the fastest growing craft beer brands out of India.
Ankur Jain- B9 Beverages
B9 Beverages Private Limited manufactures alcoholic beverages. The company offers varied flavors of beer. The company serves the customers across United States and India. B9 Beverages owns and sells craft beer brand Bira 91. It is headquartered in New Delhi, India.
Ankur serves as the CEO of the B9 Beverages. He founded the company in 2015. The company has raised $20 million in bridge financing from investors - India's Sequoia Capital and Belgium's Sofina.
Ankur Jain- Bira 91
Bira 91 is a beer brand manufactured by B9 Beverages Pvt. Ltd., launched in 2015. The headquarter of the company is in New Delhi. The company distill beers with ingredients imported from France, Belgium, Himalayas, and Bavarian Farmes. This is how the beer is brought in India with the essence of ingredients circumscribing different parts of the globe.
In 2019, the company developed two new breweries in Andhra Pradesh and Karnataka. The company is expanding locally as well as internationally to bid a quadruple production capacity. Currently, it operates four breweries in India and has a presence in 400 cities across 10 nations.
It has been anticipated that Bira 91 may achieve a $502 billion mark by 2025. The market is expected to grow owing to the heavy demand of craft beers. The company counts more than 5% share in overall beer market and more than 20% in premium beer.
Bira 91 - Name & Logo
Bira 91 derived its name from Punjabi word Bira which literally means elder brother. Bira also signifies the brave one in Bengali. While, 91 represents India's country code, connoting the brand's roots. The reverse B in the logo signifies a spirit of nonchalant. The monkey mascot represents the urban millennial as the key consumer of Bira 91. Moreover, it manifests the idea of presenting the brand with a playful identity. Bira 91 has also launched its T-shirts, bags, growlers, ice-bucket and beer mugs.
Bira 91 - Funding
Initially, B9 Beverages received an investment of worth $6 million from Sequoia capital India in 2016. Ankur raised $1.5 million from the first investment. It was the very first investment of Sequoia Capital in the Alcohol Beverage segment. Some of the Angel investors of India also invested for the firm.
In 2018, the company has received a funding of $50 million by Sofina, a Belgium investment firm. This investment helped the company to grow with $100 million funding. In 2019, Sixth Sense Ventures invested for the firm of worth $4.3 million.
The apt investments succoured support and encouragement and the company eventually expanded to more markets in the United States and Southeast Asia. The funding will also help Bira 91 to leave a footprint on the global market of beer business.