Total amount raised
$2.8 Million
Latest funding date
5/1/2024
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.
Keep reading to explore the intricacies of Skippi Ice Pops' fundraising journey and the investors backing this innovative brand.
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?
- Amount Raised: INR 10,000,000 (approximately USD 135,000)
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the early growth and expansion of the brand.
- Amount Raised: INR 100,000,000 (approximately USD 1,350,000)
- Date: May 2024
- Lead Investors: Hyderabad Angels, Venture Catalysts
- 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.
- Amount Raised: INR 120,000,000 (approximately USD 1,620,000)
- Date: June 2025
- Lead Investors: Surya Family Of Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the company's market presence and product offerings.
Total Amount Raised: USD 3,105,000. Current Valuation: Not publicly disclosed.
Key Investors
- Surya Family Of Office
- Details: The Surya Family Of Office is a major investor in Skippi Ice Pops, participating in multiple seed funding rounds. They are known for their strategic investments in emerging companies.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Skippi Ice Pops.
- Hyderabad Angels
- Details: Hyderabad Angels led the Pre-Series A funding round for Skippi Ice Pops. 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
- Details: Venture Catalysts co-led the Pre-Series A funding round for Skippi Ice Pops. 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. 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 also participated in the Pre-Series A funding round for Skippi Ice Pops. They provide a range of financial services and investment opportunities.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
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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