Ice popsicle brand Skippi raises $1.4 M in funding

The startup will use the raised capital to bolster its brand visibility, shore up working capital, accelerate product development, and strengthen its leadership team

Ice popsicle brand Skippi has raised Rs 12 crore (approximately $1.4 million) in an extended pre-Series A funding round led by the Dubai-based strategic family offices of Surya, contributing Rs 10 crore, with the remaining capital coming from angel investors. 

The startup will use the raised capital to bolster its brand visibility, shore up working capital, accelerate product development, and strengthen its leadership team. Additionally, a portion of the funds is earmarked for international expansion, with the Middle East identified as the next growth frontier.

Skippi has rapidly built a pan-India retail presence, with products now available at over 20,000 physical outlets and on digital platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, Cred, and its website.

Initially known for its preservative-free, natural ice pops, the startup has since diversified its offerings to include snacks like Crazy Corn, Cornsticks, and Cream Rolls.

The latest fundraise follows a bridge round earlier this year led by Hyderabad Angels Network and Venture Catalysts, with participation from Soonicorn Ventures and HEM Securities, among others. Skippi had previously raised about Rs 1 crore on Shark Tank India Season 1 from all six investors on the panel in exchange for a 15 per cent equity stake—a moment that significantly elevated the brand’s visibility.

Ravi Kabra, CEO and Co-founder, Skippi, said, “This funding is a big step for Skippi as we work to become a top FMCG brand in India. We are very thankful for the support from our investors, including our valued sharks. With this money, we will focus on building our brand, creating new products, and bringing in great talent to our leadership team.”

Raman Sharma, CEO, and Founder of Bestvantage Investments, mentioned, “Skippi has made an India-first brand in a market dominated by international players. We feel that there is a tremendous opportunity to take this product to the masses.”