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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