(Shark Tank Season1 Episode 6-New week , new ideas – Skippie Ice Pops)
Bunking classes(I didn’t ,trust me? I would take a day off straightaway lol),eating samosas in canteen and those colorful chuskis(ice pops), I’m sure by now you must have gone back to your childhood days and though memories would differ like I never really had chuski but had those orange bars though which were nothing but artificial flavours and synthetic color. The health conscious version of ours now would not really want to have those chuskis or ice bars anymore.
So how about I tell you that we’re in luck now, as we now stand a chance to have India first and only ice pop brand – Skippie chuski with 100% natural flavours, natural color and natural preservatives and natural sweeteners! Excited? Well then keep reading:)
Company Details:
We all know there’s big problem of delivering frozen products in India hence Ravi and Anuja removed refrignration from the process as Skippie Ice Pops are manufactured at room temperature in liquid form and supplied as it is to the retailers and distributors.
Customers then buy the same liquid form , refrigerate at their home and enjoy the natural taste. Skippie Ice Pops are made using soft ice technology that has been patented by Ravi and Anuja.
Company valuation: 9 crore
Skippi Ice Pops is owned by Kabra Global Products Pvt. Ltd., an offshoot of Prabhat Udyog (India). With over 40 years of experience in the Food & Beverage industry, Kabra Global Products Pvt Ltd strive to bring the best brands and products to both exports and the Indian markets.
Sales:
Last six months – 40 lakh sales
Last month – 7.5 lakh
Making cost – 5/-
Distributor Margin – 7/-
Gross margin – 8/-
Offer:
Ravi and Anuja asked for:45 lakh for 5% equity
Anupam’s offer: 45lakh for 5%equity
Ashneer and Namita’s offer: 60lakh for 5%equity
Anupam, Vineeta and Aman’s offer: 60lakh for 6%equity
This was the product where all sharks were too keen to invest in for – 1 crore for 15%equity
Ravi and Anuja’s counter offer- 1 crore for 10%equity
All sharks – 1 crore for 15%equity was finalised