Mumbai craft beer startup White Owl raises ₹40 crore

Mumbai-based craft beer maker White Owl has raised ₹40 crore in Series B funding round led by IIFL India Private Equity Fund. Following this round, the startup has raised a total of about ₹70 crore so far and is reportedly valued over ₹200 crore. White Owl was founded by Harvard Business School graduate Javed Murad in 2011.