Skippi Raises $1.4M to Boost Brand, Expand Globally
- Skippi raises $1.4M led by Surya family offices
- Plans expansion to Middle East and product innovation
- Available in 20,000+ outlets and major online platforms
Skippi, the Shark Tank India-famous ice popsicle company, has raised Rs12 crore (roughly $1.4 million) in an extended pre-Series A funding round. Dubai-based strategic family offices of Surya led the funding, investing Rs10 crore, while the rest came from angel investors.
The new funds will be used to promote brand awareness, increase working capital, accelerate product innovation, and strengthen leadership positions. A large part of it is also being used in expanding overseas, with the Middle East being the next major focus.
Started in 2021 by Ravi and Anuja Kabra, Skippi has rapidly established a significant pan-India footprint, with its preservative-free natural ice pops available across more than 20,000 retail stores and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, Cred, and website. The company later diversified into snacks such as Crazy Corn, Cornsticks, and Cream Rolls.
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This round is preceded by a previous bridge round by Hyderabad Angels Network and Venture Catalysts with involvement from Soonicorn Ventures and HEM Securities. Skippi initially gained popularity with Season 1 of Shark Tank India when it raised Rs1 crore from all six sharks for 15% equity an entry that remarkably increased its country-wide visibility.
Ravi Kabra, co-founder and CEO, said, “This funding is a major milestone in our journey to become a leading FMCG brand in India. We’re grateful for the continued support from our investors and sharks. The funds will go towards building our brand, developing exciting new products, and strengthening our leadership team.”
Raman Sharma, CEO and founder of Bestvantage Investments, said, "Skippi has built an India-first brand in a space traditionally dominated by international players. We think there's huge potential to take this brand to the masses."
