Shark Tank’s Ashneer Grover posts photo with contestant whose business grew 40 times after show
BharatPe co-founder and Shark Tank judge Ashneer Grover shared a photo with Shar Tank season 1 contestant Ravi Kabra who received funding for ₹1 crore for 15% equity in its Skippi pop brand.
Grover in his Instagram post mentioned that Kabra’s Skippi Pop sales shot up 40x after the investment.
Ashneer Grover dubbed Kabra’s story as “the greatest achievement” stating that Skippi is a “great product”. All five sharks on the show have invested in Ravi’s brand.
Sharing the photo, Ashneer wrote, “Great to reunite with @skippiicepops founder @ravikabra after Shark Tank. Skippi is a great product and probably the biggest achievement of @sharktank.india Season 1 with 40x sales growth.”
Ravi and his wife Anuja Kabra had come to the show and pitched their business for ₹45 Lakhs for 5% equity but they received funding from ₹1 crore for 15% equity of the five sharks.
Impressed with the pitch and the product, the brand received support from all 5 sharks – Ashneer Grover, MD and co-founder, Bharat Pe, Anupam Mittal, founder and CEO, Shaadi.com, Aman Gupta, co-founder and CMO, boAt, Vineeta Singh, CEO and Co-Founder, SUGAR Cosmetics, Namita Thapar, Executive Director, Emcure Pharmaceuticals.
After receiving funding from Shark Tank India, Ravi 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 further drive innovation and introduce more refreshing flavors to the Indian market. »
On the post shared by Ashneer Grover, one person commented, “Take entrepreneurship to the next level. Another reviewed Ravi’s product and wrote, “An average product with over hyped marketing, most of their flavors don’t gel properly and some taste absolutely the same.” chemical products. Marketing 10/10 but producing 5/10.” Many dropped fire emojis in the comments section.