Skippi Ice Pops Gets 10 Million INR Investment from Shark Tank India

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Skippi Ice Pops – India’s 01st Ice Popsicle brand received funding of a whopping 10 million INR for 15% equity in the 1st edition of Shark Tank India aired on Sony Entertainment Television on Monday, 27th December 2021.Skippi India x Shark Tank IndiaLed by Kabra Global Products Pvt. Ltd., India, Skippi Ice Pops launched with an aim to introduce a fun new product in the F&B category by husband and wife duo, Ravi Kabra and Anuja Kabra.Skippi Ice Pops created history becoming the 01st brand on Shark Tank India to receive an ALL SHARK DEAL. Impressed by the pitch and the product, Skippi Icepops received backing from all 5 sharks- Ashneer Grover, MD and Co-founder, Bharat Pe, Anupam Mittal, Founder & CEO, Shaadi.com, Aman Gupta, Co-founder & CMO, boAt, Vineeta Singh, CEO & Co-founder, SUGAR Cosmetics, Namita Thapar, Executive Director, Emcure Pharmaceuticals.Skippi Ice Pops is here to bring back a part of our childhood while allowing parents to introduce one of the most loved treats to their children with a product that is 100% natural and created with stringent hygiene standards.On receiving funding from Shark Tank India, Ravi Kabra, Co-founder of Skippi Ice Pops said, “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.” Currently available for purchase in six exciting flavours; Raspberry, Orange, Cola, Mango Twist, Bubblegum and Lemon at www.skippi.in, and across all major online marketplaces such as Amazon, Flipkart, Qtrove and at several states with distributor chain.Skippi Ice Pops is currently available in over 660 outlets in Hyderabad alone, 2200 outlets across India and continues to grow. It is priced at INR 240 for paper box of 12 pops with 6 flavours and INR 666 for a bag of 36 pops.About Skippi IcepopsSkippi Ice Pops is India’s first ice pops brand that ensures 100% Natural Flavours, Natural Colours, Natural Preservatives and Natural Sweeteners. Skippi Ice Pops is also the first ice pop brand in India to be sold at organised retail outlets.Skippi Ice Pops is owned by Kabra Global Products Pvt. Ltd., an offshoot of M/s Prabhat Udyog (India). With over 40 years of experience in the Food & Beverage industry, Kabra Global Products Pvt Ltd strive to bring the best brands and products to both exports and the Indian markets.Currently available in six exciting flavours; Raspberry, Orange Cola, Mango Twist, Bubblegum and Lemon at www.skippi.in/store, and across all major online marketplaces such as Amazon, Flipkart, GTrove, etc and across several states through their distributor chain.The brand is also available in 660+ outlets in Hyderabad alone, 2200 outlets across India and continues to grow.Find us on social media:Facebook: @skippiicepops (www.facebook.com/skippiicepops)Instagram: skippiicepops (www.instagram.com/skippiicepops/)Twitter: @skippiicepops (twitter.com/skippiicepops).

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Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India