Ice popsicle brand Skippi raised Rs 12 Cr in extended Pre-series A round
In an extended pre-Series A funding round, the Dubai-based strategic family offices of Surya invested Rs 10 crore, leading the ice popsicle company Skippi to raise Rs 12 crore ($1.4 million). Other angel investors provided the remaining Rs 2 crore.
Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal were among the six sharks who offered the startup Rs 1.2 crore in exchange for an 18% equity stake during Shark Tank India Season 1. The company says that since then, its monthly revenue has increased 80 times, from Rs 5 to Rs 7 lakh to several crores.
In April 2024, Hyderabad Angels and other investors contributed $1.43 million to the Hyderabad-based company’s initial seed round.
A press release states that the new funding will be utilized for growth projects, improving brand awareness, fortifying working capital, speeding up product development, bringing on senior management, and entering the Middle Eastern market.
In 2021, Ravi and Anuja Kabra co-founded Skippi, a company that specializes in natural ice pops made with RO water and only natural ingredients. Selling through its website, online marketplaces, and a network of distributors and stockists, the brand uses an omnichannel retail model and offers a variety of flavors, including traditional Indian options like Kala Khatta.
In addition to being offered on websites like Zepto, Swiggy, Instamart, Amazon, BigBasket, and others, Skippi’s products are currently sold in more than 20,000 retail locations throughout India. With new products like Cream Rolls, Cornsticks, and Crazy Corn, the company has also expanded its product line.
