🚀 Exciting News! Skippi Raises Rs 10 Crore in Pre-Series A Round🚀
We're thrilled to announce that Skippi, India's leading ice pop brand and standout from Shark Tank India Season 1, has successfully raised Rs 10 crore in a Pre-Series A round led by Hyderabad Angel Network (HAN) and Venture Catalysts (VCATs). This round also saw significant participation from Soonicorn Ventures, HEM Securities, and several angel investors. We are also in discussions to secure an additional Rs 7 crore in the coming weeks.
🧊 About Skippi:
Launched in 2021, Skippi has become a household name with its innovative and delightful ice pops, available in over 20,000 outlets nationwide and on major online platforms like Zepto, Swiggy Insta, Cred, Amazon, Skippi.in, and Big Basket. We’re committed to bringing fun and excitement to families across India.
📈 Remarkable Growth:
Since our appearance on Shark Tank India, where we secured Rs 1.2 crore from all six sharks for an 18% equity stake, our monthly revenues have soared 80 times from initial figures of Rs 5-7 lakhs. Our expansion and innovative offerings, including corn sticks and cream rolls, are driving us towards a Rs 100 crore valuation.
💡 Future Plans:
This funding will be pivotal in our next phase of growth. We'll focus on brand building, marketing initiatives, enhancing working capital, new product development, and hiring key leadership personnel.
🗨️ Words from Our Leaders:
- Ravi Kabra, CEO & Co-Founder of Skippi:“This funding is a big step for Skippi as we work to become a top FMCG brand in India. We are very thankful for the support from our investors and sharks.”
- Pradeep Dhobale, Vice Chairman & Lead Investor, Hyderabad Angels: “Skippi has shown that there are opportunities in FMCG Foods, despite the dominance of large multinationals and domestic players.”
- Dr. Apoorva Ranjan Sharma, Co-founder & MD of Venture Catalysts: “Venture Catalysts invested in Skippi Ice Pops, recognizing their rapid growth and strong brand presence in a booming frozen dessert sector.”
We remain committed to our mission of bringing joy through our diverse product range and positively impacting the FMCG landscape in India.
🌐 For more information, visit www.skippi.in
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Ravi Kabra Anuja Kabra Bestvantage Investments Soonicorn Ventures Hyderabad Angels Venture Catalysts++ | India's 1st Multi-Stage VC