Skippi Secures Investment for Ice Popsicles
Skippi, renowned for its ice popsicles, has successfully raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round. This round was predominantly led by the Dubai-based strategic family offices of Surya, contributing Rs 10 crore, while other angel investors provided the remaining Rs 2 crore.
The brand gained recognition on Shark Tank India Season 1, securing Rs 1.2 crore from all six judges including Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Following this, the company has reported exponential growth, with its monthly revenue increasing 80 times from Rs 5 to 7 lakh to several crore.
Founded in 2021 by Ravi and Anuja Kabra, Skippi is based in Hyderabad and had earlier raised $1.43 million in a seed round in April 2024 from Hyderabad Angels and other investors.
Utilisation of Fresh Funds
As per a recent press release, the newly acquired funds will be allocated towards growth initiatives, enhancing brand visibility, bolstering working capital, and accelerating product innovation. Additionally, the funds will aid in onboarding senior leadership and facilitate expansion into the Middle East market.
Product Offerings and Availability
Skippi is dedicated to creating natural ice pops using only all-natural ingredients and RO water. The brand showcases a variety of flavours, including traditional Indian favourites like Kala Khatta. With an omnichannel retail model, Skippi sells its products through its website, various online marketplaces, and a comprehensive network of distributors and stockists.
Currently, Skippi’s products can be found in over 20,000 retail locations across India, as well as on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and through its own website. The company has also diversified its offerings, introducing new products like Crazy Corn, Cornsticks, and Cream Rolls.