Episode 6
Skippi Ice Pops Net Worth, Revenue Full Review
The founders of Skippi Ice Pops recently pitched their business to potential investors, seeking an investment of 45 lakh rupees in exchange for 5% equity in their company. They highlighted the popularity of their product, especially among children, who are their primary target market. The founders believe that repeat orders will follow once children try their product and enjoy it, making it a sustainable and profitable business.
One of the investors Shark shared his experience, stating that he finds the product very convenient and enjoyable when traveling with his children. This indicates that the product is not only for children but also to adults who have fond memories of consuming similar products in their childhood. The founders emphasized that Skippi is marketed as a fun food rather than a health food, focusing on the enjoyment it brings to both children and adults.
Their goal is to establish Skippi as a national brand within the next 3-4 years, followed by international expansion. Ravi and Anuja Kabra recognize the brand’s potential value in markets like the Middle East and Africa. However, they anticipate challenges from competitors who might offer similar products at lower prices.
| Attribute | Details |
|---|---|
| Company Name | Skippi Ice Pops(KABRA GLOBAL PRODUCTS PRIVATE LIMITED) |
| Founders & CEO | Ravi Kabra and Anuja Kabra |
| Headquarters | Hyderabad, Andhra Pradesh, India |
| Founded Year | 2020 |
| Business | Food and Beverage |
| Profitability | profitable |
| Shark Tank Episode | Season 1 – Episode 6 |
| Asked For | ₹45 lakhs for 5% equity |
| Deal | ₹1 crore for 15% equity |
| Sharks Invested | Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Aman Gupta |
Over the last six years, The company has sold approximately 40 lakh units of Skippi Ice Pops. Last year alone, they achieved sales of 7.5 lakh units. Despite these achievements, they operated without any primary investors, relying instead on their funds. So far, they have invested around 55 lakh rupees.
Skippi Ice Pops Founder
Ravi Kabra Co-Founder and CEO of the company his wife Anuja Kabra is also a Co-founder of Skippi Ice Pops, Has a significant challenge in supplying frozen products in India due to the country’s logistics and infrastructure constraints. So he has innovatively removed the refrigeration requirement from Their entire supply chain. This strategic move has allowed them to introduce Skippy in liquid form, which can be stored at room temperature.
Ravi Kabra Education
Diploma in Management, Business Administration and Management, General
2003 – 2004
Grade: Diploma
Bachelor’s Degree, Accounting
1999 – 2002
Grade: Bachelor’s of Commerce
Activities and Societies:
- Won 3rd Place as Best Speaker in State Elocution Competition organized by Osmania University.
- Won 1st Place as Best Speaker in Elocution Competition organized by the College in 2001.
- Won 1st Place as Best Speaker in Elocution Competition organized by the College in 2002.
Associate’s Degree, Maths, Physics, and Chemistry
1997 – 1999
Grade: Board of Intermediate Education
All Saints High School
High School
1985 – 1997
Grade: Secondary School Certificate
Activities and Societies:
- School Pupil Leader (SPL) at All Saints’ High School, 1997 batch. The maximum leadership rank a student can achieve!
- One of the largest, oldest, and most acclaimed schools.
Skippi ice pops founder linkedin
Skippi Ice Pops Products
The cost of producing each popsicle, including packaging, is approximately 5 rupees. This cost-efficiency is critical as we scale our operations and compete in the market.
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Skippi Ice Pops Shark Tank Episode
Conclusion
After careful consideration and discussions, They decided to accept the offer that involves all five sharks. Ravi Kabra believes that having the collective expertise and resources of multiple investors will significantly benefit Skippi. This partnership aligns with the vision of becoming a prominent brand in India and eventually expanding internationally.
Frequently Asked Questions
What happened to Skippi Ice Pops after Shark Tank?
After Shark Tank Skippi has to process 20,000 orders and become exporter.
What is the net worth of Skippi Ice Pops company?
The net worth of the company is $185K as on Mar 31, 2023
Which shark invested in Skippi Ice Pops?
All the five Sharks on Shark Tank India has invested Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Aman Gupta in Skippi Ice Pops.
Is Skippi Ice Pops healthy?
TheSkippi products are made without refined sugars, artificial flavors, or preservatives! Instead, you’ll find 100% natural ingredients.
What is the revenue of Skippi Ice Pops?
The revenue of the company as on Mar 31, 2023 is $1.94M.