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Discover the intriguing Skippi Ice pops company profile overview and unveil essential details about this dynamic company, including their operations, net worth, revenue, turnover, investors, and funding. Join us for an inside look at what drives Skippi’s success.
At first we will start the blog by discussing about the company and the founder behind establishing this company to know the company better
In second part of blog, our primary focus will be on these topics that define the financial growth of the company:
- Skippi Net Worth
- Funding
- Revenue
- Investors
- Founder Net Worth
- Turn Over
- Valuation
- Ice popsicle shark tank and more
Join us as we explore the vibrant streets of India, where an innovative startup is breathing new life into the country’s favorite summer delight called ice pops ,chuski or gola it has many name but most commonly known as popsicle.
This creative company is reviving the beloved, flavorful ice cream beverage, rich in tradition, and making it a big hit again. Their Ice pops are winning hearts and providing refreshing relief in the scorching summer heat.
Ice Pops Brands In India:In Skippi Ice Pops Company Profile
Table of Contents
- 1 Ice Pops Brands In India:In Skippi Ice Pops Company Profile
- 2 Which legal entities is Skippi associated with?
- 3 Skippi Ice Pops Founder and Owner:
- 4 Skippi Ice Pops Net Worth:
- 5 Skippi Ice Pops Investors:
- 6 Skippi Ice Pops Funding:
- 7 Skippi Ice Pops Revenue:
- 8 Skippi Ice Pops Competitors:
- 9 Skippi Ice Pops Valuation:
- 10 Ravi Kabra Net worth (Skippi ice pops owner)
- 11 Skippi Ice Pops Turnover:
- 12 Ice popsicle Shark Tank-India-Season 1:
- 13 FAQ question:
Skippi, a popsicle manufacturing company founded in 2020 in Hyderabad, India, aims to provide Indian consumers with natural flavored ice pops that are both healthy and delicious.
what is skippi ice pops?
Skippi brand is famous for its natural-flavored ice pops, which have little to no preservatives and no refined sugar. Instead, they use a natural plant extract called stevia for sweetness. The brand also promises not to use any added colors in its products due to the potential health risks of such additives.
Which legal entities is Skippi associated with?
As per the news published in 2024 Skippi company is associated with only one legal entity whose details are provided in the table below:-
Here is the revised table:
| Legal Entity Name | Date of Incorporation |
|---|---|
| KABRA GLOBAL PRODUCTS PRIVATE LIMITED | Feb 23, 2020 |
Now that we have completed the introduction of the company “Skippi,” let’s move on to our next topic in the Skippi Ice Pops company profile , where we will discuss the founders of the company.
Skippi Ice Pops Founder and Owner:
Ravi Kabra and Anuja Kabra are the dynamic co-founders and owners of Skippi Ice Pops, a company they launched in 2020.
Before starting Skippi Ice Pops, co-founder and owner Ravi Kabra gained 12 years of valuable experience in the F&B sector, working with a reputable company.
If you’re curious about the founder’s background in education and their journey before founding Skippi, visit my blog where I’ve provided detailed information about the face of the brand, Ravi Kabra. You’ll find insights into his schooling, education, along with achievements, corporate experience, and more.
Now, let’s move on to the next section in the “Skippi ice pops Company Profile.” In this part, we will take our first step into the financial profile of Skippi, starting with a discussion about the company’s net worth.
Skippi Ice Pops Net Worth:
The net worth of Skippi, as per the recent update published in March 2024 following the end of the financial year 2025 is expected to reach, some where around Rs 40-60 Crore, which is roughly equivalent to $4.79 Million- $7 Million in USD.
Skippi had a rough start from 2020 to 2021, with a total net worth of Rs 10-20 lakh. However, things turned around after their appearance on Shark Tank on March 31, 2023, when they publicly declared their net worth for the financial year 2022-2023. According to them, it was estimated to be $185K, which is roughly equal to Rs 1.5 crore
| Shareholder Name | Post Round Holding % | Net Worth |
|---|---|---|
| Founder | 57.72% | 38 Cr |
| Fund | 6.00% | 3.95 Cr |
| Enterprise | 8.87% | 5.84 Cr |
| Angel | 5.66% | 3.73 Cr |
| Other People | 21.07% | 13.9 Cr |
| Other Investors | 0.68% | 44.9 L |
| Total | 100.00% | 65.8 Cr |
Having said that the Net Worth of the any company depends on various factors some of the factors are:-
- Skippi investors in India
- Total funding received to Skippi Ice Pops
- Total revenue Skippi company has earn
- Competitors of Skippi complete list
- Valuation of skippi company
- Skippi founder net worth
- Skippi turnover and more
Let’s dive deeper into the “Skippi Ice Pops Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Skippi Ice Pops Investors:
Investors play a crucial role in shaping a company’s growth, significantly impacting key financial parameters. Among them, three parameters are particularly sensitive to investor influence: net worth, funding, and revenue.
If we talk about the shark tank investor of Skippi then only Aman Gupta along with four other shark has invested Rs 1 Crore for 15% equity stake in the brand but the details of other investors in Skippi are provided in table below
| Date of Funding | Round Name | Investors |
|---|---|---|
| April 11, 2024 | Seed | Hyderabad Angels, Venture Catalysts, and 4 more |
| March 30, 2022 | Seed | Ash Grove LLP, Eighty Seven Fifty Six Ventures, and 1 more |
| October 29, 2021 | Seed | Thapar Vision, Culture Cap, and 2 more |
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s delve into the next part of the blog in Skippi ice pops company profile overview where we will discuss the total funding that Skippi has raised up to date.
Skippi Ice Pops Funding:
Skippi has raised a total funding of $1.43 million, which is equal to Rs 11 crore, across three rounds of funding. The details of the three rounds, including investors, funding, and dates, along with the funding round, are provided in the table below.
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| April 11, 2024 | $1.2M | Seed | Hyderabad Angels, Venture Catalysts, and 4 more |
| March 30, 2022 | $79.2K | Seed | Ash Grove LLP, Eighty Seven Fifty Six Ventures, and 1 more |
| October 29, 2021 | $147K | Seed | Thapar Vision, Culture Cap, and 2 more |
Moving on to the next segment of the “Skippi Ice Pops Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Skippi has been performing financially.
Skippi Ice Pops Revenue:
The exact current revenue rate for Skippi is not known to us. However, based on data from the Economic Times, the company is projected to achieve a revenue of roughly equal to Rs 100 crore for the financial year 2024-2025.
For the financial year 2022-2023, the company had targeted a revenue of Rs 30-40 crore. However, due to the impact of the COVID-19 pandemic on many businesses, including Skippi, the company was only able to achieve a revenue of Rs 10-15 crore.
Now, let’s move on to the next topic in the “Skippi Ice Pops Company Profile,” where we will discuss the competitors of Skippi.
Skippi Ice Pops Competitors:
Competitors play a major role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
Get-A-Whey, Banan, and Hardpops are the top 3 competitor’s of skippi let’s first understand them to understand them one by one:
Get-A-Whey:
Get-A-Whey is a company that first appeared in Shark Tank Season 1. They are known for selling high-protein ice cream that is not only healthy but also extremely delicious.
Let’s have a look on the other details of the company:-
| Attribute | Details |
|---|---|
| Legal Name | Peanut Butter & Jelly |
| Headquarters | Mumbai, Maharashtra, India |
| Founding Date | 2019 |
| No. of Employees | 11 to 20 |
| Core Team | 1. Pashmi Shah – Co-Founder |
| 2. Jimmy Shah – Co-Founder & Director | |
| 3. Jash Shah – Co-Founder & CEO |
Banan:
Banan is not the direct competitor of skippi ice pops but they are into frozen desert business.It is a Hawaii based company.
Table below represents the funding details about Banan company.
| Attribute | Details |
|---|---|
| Founded Year | 2015 |
| Stage | Seed |
| Total funding Raised | $500K |
| Last funding Raised | $500K |
Hardpops:
Hardpops is a company,that is specialize in creating popsicles that prioritize authenticity and natural ingredients. They steer clear of artificial dyes and flavors, as well as excessive sugar levels, opting instead for a balanced sweetness derived from natural sources.
| Attribute | Details |
|---|---|
| Founded Year | 2019 |
| Location | Los Angeles, United States |
| Company Stage | Seed |
| Total Funding | $210K |
| Latest Funding Round | $210K, Seed, Sep 16, 2021 |
| Competitor Rank | 72nd out of 225 competitors with a Tracxn Score of 14/100 |
| Acquisitions | Hardpops has not made any acquisitions yet |
| Investments | Hardpops has not made any investments yet |
Transitioning to the next critical aspect of the “Skippi Ice Pops Company Profile overview,” let’s explore the valuation of Skippi. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Skippi Ice Pops Valuation:
Absolutely, the valuation of a company is indeed crucial in determining its net worth and other financial parameters. It serves as a key indicator in predicting the market value of a company.
The exact number is not known to us but if we talk about the financial year 2022-2023 then currently the company is valued at $2-4 Million which is roughly equal to Rupees Rs 16-32 Crore
And if we talk about the valuation of company in 2024 then it is estimated to be $7.89 Million which is roughly equal to Rs 65 Crore ,but it is definitely going to increase by to Rs 100 Crore by the end of financial year 2024-2025.
The company has grown exponentially. Comparing its valuation from the financial year 2021, when it was just valued at $0.13 million which is roughly equal to approx Rs 1 crore, to reaching a valuation of Rs 16-32 crore in 2024 is a huge deal.
Now that we have completed the valuation section in the “Skippi Ice Pops Company Profile” blog, let’s take a look at the founder’s net worth.
Ravi Kabra Net worth (Skippi ice pops owner)
Ravi Kabra and Anuja Kabra is the owner of Skippi and based on the recent news published in this year 2024 the net worth of the Owner & founder of Skippi is estimated to be between Rs 38 Crore.
Which is same as the net worth of the total assets of the company and it is definitely going to increase by the end of financial year 2024-2025. The founder of the company is expected to have a Net Worth of Rs 100 Crore by the end of 2025.
Let’s now dive into the next segment of the “Skippi Company Profile,” where our spotlight will be on Turnover—a crucial metric that plays a pivotal role in assessing the true worth and market value of our company.
Skippi Ice Pops Turnover:
Skippi’s turnover has exponentially increased after appearing on Shark Tank and receiving funding of Rs 20 lakhs from the sharks. The company has reported a 40x increase in its turnover in the current financial year 2023-2024.
Generating an overall turnover of Rs 2-2.8 crore every month, which is roughly equal to Rs 24-33.6 crore in a year, is considered impressive for a company that just started in 2020.
Now, let’s finish the “Skippi Ice Pops Company Profile” by talking about the key moment in Skippi’s journey: their appearance on Shark Tank, which brought them investors, funding, and popularity to Skippi brand.
Ice popsicle Shark Tank-India-Season 1:
Skippi was the most talked-about ice popsicle brand on Shark Tank Season 1 in 2021. The pitch began with an introduction by the founder, who presented himself and his company. By the end of the pitch, every shark on the panel was interested in investing in Skippi.
Skippi Ice Pops Shark Tank Deal:
Skippi received multiple offers on Shark Tank Season 1. The first offer came from Aman Gupta, founder and CEO of Boat, followed by offers from other sharks. The founder chose an all-shark deal, where each shark invested Rs 20 lakhs for a 3% equity stake, totaling Rs 1 crore for 15% equity in the company.
Skippi Ice Pops Shark Tank Investment:
In Shark Tank Season 1, the sharks invested a total of Rs 1 crore for a 15% equity stake in Skippi, with each shark investing Rs 20 lakhs for a 3% equity stake in the Hyderabad-based company called skippi’s.
Skippi Ice Pops Shark Tank Net Worth:
Before appearing on Shark Tank in 2021, Skippi Ice Pops’ net worth was estimated to be $185K, roughly equal to Rs 1.5 crore. By 2024, Skippi Ice Pops’ net worth had grown significantly, estimated at Rs 38 crore.
Now lets completed the blog by the most asked FAQ Question related to skippi ice pops company profile.
FAQ question:
What is Skippi Ice Pops?
Skippi Ice pops is a company that is known for selling natural flavoured ice pops that not only test but are healthier then other Ice creams brand.
Who is the owner of Skippi Ice Pops?
Ravi Kabra and Anuja Kabra is the co-founder and owner of brand named Skippi.
What is the valuation of Skippi?
Skippi Ice pops company current valuation in $7.89 Million which is equal to Rs 65 crore.
If you want to know more detaila about the skippi ice pops have a visits to the official website of skippi.in.
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