Hyderabad-based frozen treat startup Skippi, known for its all-natural ice popsicles, has successfully raised ₹12 crore ($1.4 million) in an extended pre-Series A funding round. The round was led by the Dubai-based strategic family offices of Surya, contributing ₹10 crore, while the remaining ₹2 crore came from angel investors.
Key Highlights
- Funding Details
- Lead Investor: Dubai-based Surya family offices invested ₹10 crore.
- Other Participants: ₹2 crore came from additional angel investors.
- This is in continuation of Skippi’s impressive fundraising journey, having previously secured $1.43 million in a seed round in April 2024 from Hyderabad Angels and others.
- Shark Tank India Journey
- Skippi was featured on Shark Tank India Season 1, where it secured ₹1.2 crore from all six sharks—Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal—in exchange for 18% equity.
- Since then, the company has claimed to increase its monthly revenue by 80x, scaling from ₹5–7 lakh to several crores.
- Use of Funds
- Growth initiatives and brand visibility
- Strengthening working capital
- Product innovation and development
- Onboarding senior leadership
- Geographical expansion, especially targeting the Middle East market
- About the Brand
- Founded in 2021 by husband-wife duo Ravi and Anuja Kabra, Skippi offers natural ice pops made with RO water and chemical-free ingredients.
- The brand is known for flavor innovations like Kala Khatta, in addition to other fruity and refreshing popsicle variants.
- Omnichannel Presence
- Skippi has a strong retail footprint, with products available in over 20,000 retail outlets across India.
- Also available online through Zepto, Swiggy Instamart, Amazon, BigBasket, and its own D2C website.
- Product Diversification
- Beyond popsicles, Skippi has expanded its offerings to include Crazy Corn, Cornsticks, and Cream Rolls, catering to evolving snacking preferences.
What Sets Skippi Apart
- First Indian brand to commercialize natural popsicles at scale.
- Aims to make healthy, nostalgic treats accessible through modern retail and tech-enabled distribution.
- Positioned as a category-defining brand in India’s frozen snack and dessert space.
