The reality TV show Shark Tank India provides a platform for dozens of startups who showcased their specific products and services. Several agencies that have successfully raised the budget of the sharks, i.e. investors, of the show are making it big in real life. The story of one such company and its team member was shared by Shark Tank investor and former BharatPe CEO Ashneer Grover.
Grover took him to the Instagram image-sharing platform and shared a photo of himself collaborating with Ravi Kabra, the founder of Skippi Pop, who managed to raise a whopping Rs 1 crore for 15% off the equity in his startup.
Kabra's pitch already wowed all the investors on the set of Shark Tank India. All of the successful sharks – Grover, founder, and CEO of Shaadi.Com Anupam Mittal, Aman Gupta of boAt, Vineeta Singh, head of SUGAR Cosmetics, and Namita Thapar, executive director of Emcure Pharmaceuticals had invested in Skippi Pop.
Ravi had started Shark Tank India with his wife Anuja Kabra. The couple had asked Rs 45 lakhs for a 5% stake in their agency. However, the deal was later settled for Rs 1 crore for 15% equity.
In the caption of the recent photo shared on Instagram via Ashneer, the former BharatPe boss explained how Skippi Pop has grown 40x since the startup story got famous with the reality show.
“Skippi is a very good product and probably the biggest achievement of Sharkta, India Season 1 with a 40x increase in sales,” Ashneer stated.
“Ashneer posts got great comments from his fans and Shark Tank India fans”. "Take entrepreneurship to the next level," one Instagram user replied to Asheer's post. Another user said, "A great product has great growth.”