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Total amount raised
$2.72M
Latest funding date
2025-06-24
Location
Skippi Ice Pops has successfully raised funding over three rounds, all of which are Seed rounds. The company is backed by 12 investors, including Surya Family Of Office and Mitesh Nandlaskar.
What Is Skippi Ice Pops?
Skippi Ice Pops operates as an Ice Popsicle brand within the confectionery, food and beverage, and snack food industries. The company is based in Hyderabad, Telangana, India, and employs between 101 to 250 people.
Skippi Ice Pops offers a variety of food products, including ice pops, corn sticks, cream rolls, and juices. The company emphasizes the use of natural ingredients, avoiding artificial flavors and preservatives, and maintaining high-quality standards.
How Much Funding Has Skippi Ice Pops Raised?
- Round 1 – Seed (Shark Tank India)
- Amount Raised: INR 1,20,00,000 (approximately USD 147,000)
- Date: October–December 2021
- Lead Investors: All six Shark Tank India Season 1 sharks — Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal (18% equity stake)
- Valuation at Round: Approximately USD 890,000
- Motivation Behind the Round: To support the early growth and expansion of the brand.
- Round 2 – Seed
- Amount Raised: Undisclosed (approx. USD 79,200 per some sources)
- Date: March 30, 2022
- Lead Investors: Ash Grove LLP and Eighty Seven Fifty Six Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued early-stage growth and product development.
- Round 3 – Pre-Series A
- Amount Raised: INR 10,00,00,000 (approximately USD 1,200,000)
- Date: May 28, 2024
- Lead Investors: Hyderabad Angel Network (HAN) and Venture Catalysts (VCATs)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: For brand building, marketing, enhancing working capital, new product development, and hiring key leadership personnel. Participants also included Soonicorn Ventures, HEM Securities, and several angel investors.
- Round 4 – Extended Pre-Series A (Latest)
- Amount Raised: INR 12,00,00,000 (approximately USD 1,400,000)
- Date: June 24, 2025
- Lead Investors: Dubai-based strategic family offices of Surya (contributed INR 10 crore); additional INR 2 crore from angel investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand brand visibility, bolster working capital, drive product innovation, hire senior leadership, and fund Middle East expansion.
Total Amount Raised: At least USD 2.72M based on disclosed funding across all rounds. Current Valuation: Not publicly disclosed.
Key Investors
- Surya Family Offices (Dubai)
- Details: The Dubai-based strategic family offices of Surya led the extended Pre-Series A round in June 2025, contributing INR 10 crore of the total INR 12 crore raised.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Skippi Ice Pops.
- Hyderabad Angels (Hyderabad Angel Network)
- Details: Hyderabad Angels co-led the Pre-Series A funding round for Skippi Ice Pops in May 2024. Pradeep Dhobale, Vice Chairman and lead investor, emphasized the potential for startups in the FMCG Foods sector.
- Investment Focus Areas: FMCG Foods sector.
- Notable Investments: Skippi Ice Pops.
- Venture Catalysts (VCATs)
- Details: Venture Catalysts co-led the Pre-Series A funding round for Skippi Ice Pops in May 2024. They focus on sectors with rapid growth potential, such as India's frozen dessert sector.
- Investment Focus Areas: FMCG, consumer goods, frozen desserts.
- Notable Investments: Skippi Ice Pops.
- Soonicorn Ventures
- Details: Soonicorn Ventures participated in the Pre-Series A funding round for Skippi Ice Pops in May 2024. They are known for investing in high-potential startups.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- HEM Securities
- Details: HEM Securities participated in the Pre-Series A funding round for Skippi Ice Pops in May 2024. They provide a range of financial services and investment opportunities.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Shark Tank India Season 1 Sharks
- Details: All six sharks — Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal — collectively invested INR 1.2 crore for an 18% equity stake in the company's earliest round.
- Investment Focus Areas: Consumer brands, FMCG.
- Notable Investments: Skippi Ice Pops.
What's Next for Skippi Ice Pops?
Skippi Ice Pops is poised for significant growth, with the frozen dessert sector in India expected to reach $2.4 billion by 2027. The company plans to leverage this opportunity by expanding its market presence and launching new products like cornsticks and cream rolls. This growth potential is further supported by their recent fundraising efforts, which will be used for brand building, marketing, and enhancing working capital.
Future fundraising opportunities are on the horizon, with Skippi already in discussions to raise an additional ₹7 crore. This influx of capital will help the company scale operations and solidify its position in the competitive FMCG sector. However, challenges such as competition from large multinationals and the need to efficiently utilize raised funds for growth and market penetration remain.
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