🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

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

EntrackrEntrackr · 1m 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.

Exclusive: Shark Tank India-backed P-Tal to raise fresh funds in pre-Series A round

EntrackrEntrackr · 8d ago
Exclusive: Shark Tank India-backed P-Tal to raise fresh funds in pre-Series A round
Medial

P-TAL is raising Rs 23 crore (approximately $2.7 million) from Rainmatter Capital, Anicut Capital, Venture Catalyst, RealTime Angel Fund, and 14 other investors. P-TAL featured in Season 3 of Shark Tank India and secured Rs 1 crore funding from Aman Gupta, Anupam Mittal, Amit Jain, Namita Thapar, and Vineeta Singh. The board at P-TAL to issue pre-Series A compulsory convertible preference shares to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The company has received Rs 2.3 crore from Anicut Capital. According to Entrackr’s estimates, the company will be valued at Rs 116 crore ($13.6 million) post-money. Founded in 2019 by Agrawal, Kirti Goel, and Gaurav Garg, P-TAL (Punjab Thathera Art Legacy) sells handcrafted copper, brass, and kansa cookware, drinkware, and home decor. It caters to health-conscious consumers and fans of traditional Indian cooking and sustainable living. The company last raised Rs 4.33 crore in a seed round in October 2023, led by Titan Capital, with participation from Anicut Capital, Ghazal Aggarwal, Sandeep Aggarwal, Ashutosh Valani, and others. For the fiscal year ended March 2024, the Amritsar-based company reported revenue of Rs 5 crore and a net loss of Rs 1 crore during the same period.

Download the medial app to read full posts, comements and news.