'Biggest Success Story', Ashneer Grover Praises Shark Tank Pitcher After His Brand Grows By 40X
Remember the brand Skippi Ice pops from Shark Tank India in which every investor had shown keen interest? The brand founders Ravi and Anuja Kabra were the first to receive an All Shark Deal on the show. The brand has grown by 40x after the show.??
The brand had reportedly suffered a tremendous loss due to the Covid-19 lockdown has made a comeback with a bang. Ashneer Grover recently shared a photo with Ravi Kabra, who had?received funding of Rs 1 crore for 15 percent equity in his brand Skippi Ice pops, and shared how his brand was flourishing.?
Ashneer Grover called it the biggest success story from the show.?
"Great to catch up with @skippiicepops founder @ravikabra after Shark Tank. Skippi is a great product and probably the biggest success story from @sharktank.india Season 1 with 40X growth in sales!"
Ravi and Anuja Kabra had pitched for Rs 45 Lakhs investment for 5 percent equity but ended up getting funding of Rs 1 crore for 15 percent equity?after all the five sharks Ashneer Grover, Anupam Mittal, Aman Gupta, Vineeta Singh and Namita Thapar invested in it.
Ravi had then said in a statement, "We are delighted to receive funding from Shark Tank India, it is a testament to our idea of creating disruption in the F&B industry with innovation and research. We plan to invest this amount to drive more innovation and introduce more refreshing flavours to the Indian market."
Ashneer Grover?recently admitted that most of the sharks/judges/investors were on?Shark Tank India?because they wanted some level of popularity. At the same time, he said that the makers didn't give them a?salary or remuneration for every episode.?"None of us went with the intention of making money," he said.? ?
"We weren¡¯t paid anything for any episode; in fact, we worked like bonded labour for hours and hours,"?Grover said this, as he delivered a lecture at?Lovely Professional University as quoted by?The Indian Express.
(For more news and updates?from the world of?celebrities?from?Bollywood?and?Hollywood, keep reading?Indiatimes Entertainment, and let us know your thoughts on this story in the comments below.)
