Ravi Kabra and Anuja Kabra launched Skippi in 2021 as an ice-pop brand selling shelf-stable liquid pops that consumers freeze before eating. The Hyderabad business entered a familiar product category with branded packaging and organised retail and online distribution.
Skippi appeared on Shark Tank India Season 1 asking for ₹45 lakh for 5% equity. All five Sharks participating in the pitch agreed to invest ₹1 crore for 15%. It became the programme’s first televised all-Shark deal and gave the company more capital than originally requested.
The national exposure was followed by rapid expansion and substantially higher sales. Skippi’s official website remains active and offers ice pops in multiple flavours and pack sizes, maintaining the same core product proposition introduced during the pitch.
The latest reported financial period shows a reversal. Inc42 reported FY2025 revenue of ₹8.2 crore, down 60% from ₹20.2 crore in FY2024. Domestic revenue accounted for ₹7.2 crore and exports for ₹1 crore, according to the report.
The same filing-based report put FY2025 expenses at ₹14.8 crore and the annual loss at ₹6.3 crore. That loss was lower than the approximately ₹13 crore loss reported for the preceding year, but the improvement occurred alongside a steep reduction in revenue. Lower losses therefore did not amount to a return to profitability.
Skippi’s before-and-now record combines a strong post-show scale-up with a recent contraction. The company progressed from a 2021 launch to ₹20.2 crore revenue in FY2024, before sales fell to ₹8.2 crore in FY2025. As of August 25, 2026, the brand continues to sell online, while the latest available accounts show both the 60% revenue decline and a ₹6.3 crore loss.
Sources: Skippi official website; Inc42 FY2025 financial report; Shark Tank India Season 1 pitch table.