Skippi, an ice popsicle brand, has raised INR 12 crore (about $1.4 million) in an extended pre-Series A funding round.
The investment was led by Surya, a group of strategic family offices based in Dubai.
Out of the INR 12 crore raised, INR 10 crore was invested by Surya’s Dubai-based family offices.
The remaining INR 2 crore came from other angel investors.
The funds will be used to boost brand visibility, improve working capital, speed up product innovation and hire senior leadership. Part of the investment will also support Skippi’s expansion into the Middle East market.
With this funding, Skippi plans to expand in India and other countries.
The brand will also focus on creating new products and building better relationships with its customers.
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Skippi was co-founded in 2021 by Ravi and Anuja Kabra. The brand makes natural ice pops using only all-natural ingredients and RO water, with flavors like the popular Indian Kala Khatta.
Skippi sells its products through many channels, including its website, online marketplaces, and a wide distribution network.
Skippi’s products are sold in over 20,000 stores across India and are also available on platforms like Zepto, Swiggy Instamart, Amazon, BigBasket, and its website.
The brand has also added new items to its product range, including Crazy Corn, Cornsticks, and Cream Rolls.
Skippi became well-known after appearing on Shark Tank India Season 1, where it received INR 1.2 crore from all six sharks—Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal—in exchange for 18% of the company.
Since then, the Hyderabad-based startup says its monthly revenue has grown almost 80 times, increasing from INR 5–7 lakh to several crores.
In April 2024, Skippi also raised $1.43 million in a seed round from Hyderabad Angels and other investors.
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