India, Dec. 18 -- Shark Tank-famed ice popsicle startup Skippi is grappling with a sharp slowdown after rapid expansion, with its FY25 financials and audit notes pointing to deeper operational and regulatory stress.

Employees have faced salary delays, PF dues have not been deposited for nearly two years, and distributors say they are stuck with unsold inventory.

As a result, Skippi's operating revenue plunged 59% to INR 8.2 Cr in FY25 from INR 20 Cr in the previous fiscal year.

Founded in 2021 by Ravi and Anuja Kabra, the Hyderabad-based startup positioned itself as India's first exclusive ice popsicle brand offering preservative-free 'chuskis'.

After its appearance on Shark Tank India Season 1 in December 2021, Skippi's revenue jumpe...