This Brewery to open 30 new outlets, Micro-Brewery with fresh Rs 100 crores seed funding
The firm believes that the alco-beverage space in India is set to witness a rise and will attract footfalls.
Bringing English style Gastro Pubs to major cities of India, the British Brewing Company is ready to spearhead with Rs 100 crores with one of the major finance services firm, NeoMile Capital. The funds were raised in an equity round led by NeoMile Capital. The British Brewing Company is set to utilize these funds to fuel their growth plans, by getting a stronger hold in cities like Bangalore, Delhi NCR, Hyderabad, Nagpur, Pune and Jaipur. Moreover, the BBC had chalked down their plan for the next 18-24 months, which includes over 30 new outlets and a Micro-Brewery.
Established in the year 2012, the British Brewery Company has seven outlets spread across Mumbai and Pune. The firm believes that the alco-beverage space in India is set to witness a rise and will attract footfalls.
The BBC has been delivering the ambiance one can experience in a local pub, bar or restaurant located in the towns of Great Britain. They replicate the same atmosphere of relaxation and is a place where family and friends alike can enjoy. Moreover, the menu and the unmatched choices when it comes to beer and cocktail choices make it a place to be.
Commenting on the new developments, Ajit Dhumal, Founder, British Brewing Company (BBC) said, “We are pleased to announce the collaboration with NeoMile Capital at a time when India’s F&B space is witnessing transformation with the emergence of the modern retail formats. Over the years of operation, we have witnessed that our unique offerings and design have been able to recreate and promote the best of English craftsmanship, arts and culture, delivering an excellent experience to consumers. Today we own 7 outlets and expect to add 6 more outlets and a centralized Micro Brewery by the end of this financial year. Our aim is to add 30 new outlets with over 500 distribution points for BBC’s craft beer by the end of 2022.”
Adding, the lead investor, Murli Ramkrishnan, Group CEO NeoMile Capital, spoke on the F&B space in India “We expect the F&B space in India to grow at a CAGR of 10% over the next five-years. We believe that factors like rising disposable income, improving demographics, rapid urbanization and evolving mindset of the consumer is creating an attractive market for investors.