Ice Popsicle brand Skippi Ice Pops receives Rs 1 crore funding from Shark Tank India
Chennai
29-December-2021
Hyderabad based Ice Popsicle brand Skippi Ice Pops received funding of Rs 1 crore for 15% equity in the 1st edition of Shark Tank India aired on Sony Entertainment Television, according to a press release.
According to the statement, “Skippi Ice Pops is here to bring back a part of our childhood while allowing parents to introduce one of the most loved treats to their children with a product that is 100% natural and created with stringent hygiene standards.”
Led by Kabra Global Products Pvt. Ltd., India, Skippi Ice Pops was launched with an aim to introduce a fun new product in the F&B category by husband and wife duo, Ravi Kabra and Anuja Kabra.
On receiving funding from Shark Tank India, Ravi Kabra, Co-Founder of Skippi Ice Pops said, “We are delighted to receive funding from Shark Tank India, it is a testament to our idea of creating disruption in the F&B industry with innovation and research.
“We plan to invest this amount to drive more innovation and introduce more refreshing flavours to the Indian market.”
The product is currently available in six exciting flavours; Raspberry, Orange, Cola, Mango Twist, Bubblegum and Lemon across all major online marketplaces such as AMAZON, FLIPKART, QTROVE and in around 2200 outlets across India.
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Skippi ice pops is currently available in over 660 outlets in Hyderabad alone. The brand is owned by Kabra Global Products Pvt. Ltd., an offshoot of M/s Prabhat Udyog (India). - TWl Bureau
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