Hyderabad based FMCG startup receives an ALL SHARK DEAL
Hyderabad-based startup Skippi Ice Pops has received funding of Rs 10 million for 15% equity in the 1st edition of Shark Tank India.
Led by Kabra Global Products, Skippi Ice Pops 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.
The products are currently available for purchase in six flavours; Raspberry, Orange, Cola, Mango Twist, Bubblegum and Lemon.
Skippi Ice Pops is currently available in over 660 outlets in Hyderabad alone, 2200 outlets across India and continues to grow. It is priced at Rs 240 for paper box of 12 pops with 6 flavours and Rs 666 for a bag of 36 pops.
Ravi Kabra, Co-founder of Skippi Ice Pops said, “We plan to invest this amount to drive more innovation and introduce more refreshing flavours to the Indian market.”