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Shark Tank India-featured ice popsicle brand Skippi raises $1.4 million in funding
- Skippi, an ice popsicle brand featured on Shark Tank India, raises $1.4 million in funding from Dubai-based family offices and angel investors.
- The pre-Series A funding round amounts to Rs 12 crore, with Rs 10 crore from the family offices and the rest from angel investors.
- Purpose of funding includes enhancing brand visibility, working capital, product development, and leadership team strength.
- Part of the funds will support international expansion, particularly targeting the Middle East for growth.
- Founded in 2021 by Ravi and Anuja Kabra, Skippi has a wide retail presence in India, available in over 20,000 outlets and various online platforms.
- Initially known for preservative-free ice pops, Skippi has expanded its product range to include snacks like Crazy Corn, Cornsticks, and Cream Rolls.
- Prior funding rounds include a bridge round this year led by Hyderabad Angels Network and Venture Catalysts.
- Skippi had earlier secured about Rs 1 crore on Shark Tank India Season 1 from all investors on the panel in exchange for a 15% equity stake.
- Ravi Kabra, CEO of Skippi, expresses gratitude for the investment, focusing on brand building, new product development, and team expansion.
- Raman Sharma from Bestvantage Investments sees Skippi's potential in the Indian market against global competitors, aiming to reach a wider audience.
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