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Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round

EntrackrEntrackr · 23d ago
Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round
Medial

Ice popsicle brand Skippi has raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round led by the Dubai based strategic family offices of Surya, which invested Rs 10 crore. The remaining Rs 2 crore came from other angel investors. The startup was featured in Shark Tank India Season 1, where it secured Rs 1.2 crore from all six sharks: Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Since then, the company claims to have grown its monthly revenue 80 times, from Rs 5 to 7 lakh to several crore. The Hyderabad based company had previously raised 1.43 million dollars in a seed round in April 2024 from Hyderabad Angels and others. According to a press release, the fresh funds will be used for growth initiatives, enhancing brand visibility, strengthening working capital, accelerating product innovation, onboarding senior leadership, and expanding into the Middle East market. Co-founded in 2021 by Ravi and Anuja Kabra, Skippi specializes in natural ice pops made with all-natural ingredients and RO water. The brand offers a range of flavors including traditional Indian options like Kala Khatta and follows an omnichannel retail model, selling through its website, online marketplaces, and a network of distributors and stockists. Skippi’s products are now available in over 20,000 retail outlets across India and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and its own website. The company has also diversified its portfolio with new offerings such as Crazy Corn, Cornsticks, and Cream Rolls.

WiseLife raises Rs 8 Cr led by Rukam Capital in pre-Series A round

EntrackrEntrackr · 10d ago
WiseLife raises Rs 8 Cr led by Rukam Capital in pre-Series A round
Medial

WiseLife, a brand for all yoga & home fitness essentials, has raised Rs 8 crore in a pre-Series A funding round led by Rukam Capital. It was also featured on Shark Tank India Season 3, where it bagged funding from all four sharks including Aman Gupta, Anupam Mittal, Ritesh Aggarwal, and Namita Thapar. Prior to this, the startup had raised $145K in a seed funding round back in Sep. 2024. The fresh funds will be utilized for the startup to become India’s go-to brand for premium, eco-friendly yoga mats and other wellness products that blend unique design with affordability, WiseLife said in a press release. Founded in 2022 by Prateek Kedia, WiseLife aims to elevate everyday wellness through thoughtfully designed yoga gear. The brand offers a curated range of biodegradable yoga mats, fitness gear, and lifestyle accessories, combining durability, design, and sustainability at accessible price points. According to market research, India's yoga mat market is projected to grow from $1.4 billion in 2024 to $2.2 billion by 2033, while the global market is expected to reach $26.5 billion by 2030. WiseLife aspires to do a lot more experimenting and develop even better products and content for yoga and fitness enthusiasts. The brand states that it is growing a strong customer base and plans to launch new product lines, enhance content and community engagement, and expand distribution in the coming year.

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