Aman Gupta, the co-founder of consumer electronics brand Boat and one of the judges on the hit reality show Shark Tank India, has revealed how he made a staggering Rs 5.8 crore profit from a Rs 20 lakh investment in a startup. The startup in question is Skippi, an ice popsicle brand that uses natural ingredients and innovative flavours to create delicious and healthy treats.
Gupta invested in Skippi in the first season of Shark Tank India, which aired in December 2021. He was one of the five sharks who collectively invested Rs 1 crore for a 15% stake in the company, valuing it at Rs 6.67 crore. The founder of Skippi, Ankit Jain, impressed the sharks with his passion, vision, and product quality.
Read Also: How Azhar Iqubal dropped out of IIT and became a millionaire
Aman Gupta Invested in Skippi Ice Pops
Skippi Ice Pops is a startup that produces and sells natural, organic, and delicious ice pops in various flavors. The company was founded in 2015 by Ravi and Anuja Kabra, who have over 17 years of experience in the food and beverage industry.
Skippi Ice Pops gained popularity and funding after appearing on the reality show Shark Tank India, where they impressed the investors with their passion, vision, and product quality. Skippi Ice Pops aims to revive the love for chuskis in a more hygienic and innovative way, and to inspire other entrepreneurs in the food and beverage sector
Since then, Skippi has grown by leaps and bounds, thanks to its loyal customers, social media buzz, and celebrity endorsements. The company has also expanded its product range, distribution network, and production capacity. Skippi’s revenue for the last fiscal year was Rs 70 crore, and its valuation has soared to Rs 40 crore. This means that Gupta’s stake is now worth Rs 6 crore, giving him a massive 2900% return on his investment.
Gupta shared his success story on the latest episode of Shark Tank India, where he also gave tips and insights to aspiring entrepreneurs. He said that Skippi was one of his best investments, and that he was very happy with the growth and performance of the company. He also said that Skippi was an example of how a simple idea, executed well, can create a huge impact and value.
Jain, on the other hand, thanked Gupta for his guidance and support, and said that he was more than an investor, he was a mentor. He also said that he was thankful to Shark Tank India for giving him the platform and opportunity to showcase his idea and get feedback from the experts.
He said that he hoped to inspire other young and aspiring entrepreneurs, especially in the food and beverage sector, to pursue their dreams and create innovative products.
Also Read: 7 steps for starting a small business in 2024
Skippi is one of the many success stories that have emerged from Shark Tank India, the show where entrepreneurs pitch their ideas to a panel of investors, who decide whether to invest in them or not.
The show has been running for three seasons in India, and has featured many prominent investors, such as Ratan Tata, Kiran Mazumdar-Shaw, Vijay Shekhar Sharma, and Bhavish Aggarwal. The show has also helped many startups to get exposure, funding, and mentorship, and has fostered a culture of innovation and entrepreneurship in the country.
Last Updated on 10 months
