Skippi Hits Rough Patch After Shark Tank Boom

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SUMMARY

After rapid expansion to 14,000+ outlets on the back of Shark Tank hype, Skippi saw demand cool, leaving distributors with unsold inventory and dragging FY25 operating revenue down 59%

Salary delays, layoffs and a pullback from tier II & III cities followed, with employee expenses halving in FY25

Auditors have also flagged long delays in PF and statutory dues, unpaid borrowings, uninsured assets and a factory operating without a valid licence

Shark Tank-famed ice popsicle startup Skippi is grappling with a sharp…



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Skippi Hits Rough Patch After Shark Tank Boom


SUMMARY

After rapid expansion to 14,000+ outlets on the back of Shark Tank hype, Skippi saw demand cool, leaving distributors with unsold inventory and dragging FY25 operating revenue down 59%

Salary delays, layoffs and a pullback from tier II & III cities followed, with employee expenses halving in FY25

Auditors have also flagged long delays in PF and statutory dues, unpaid borrowings, uninsured assets and a factory operating without a valid licence

Shark Tank-famed ice popsicle startup Skippi is grappling with a sharp…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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