Chemical-Free Mango Exporter Mangopoint Secures $1 Million In Pre-Series A Funding; Investor Highlights India’s Mango Potential
MangoPoint, a leading exporter of chemical-free mangoes, has raised $1 million in a pre-Series A funding round aimed at expanding its infrastructure, broadening market reach, strengthening backend operations, and diversifying its product portfolio.
The funding round was led by Inflection Point Ventures based out of Gurugram, with participation from The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office and the JITO Incubation and Innovation Foundation (JIIF).
Founded in 2018, MangoPoint imports single-origin, carbide-free fresh mangoes, and mango ingredients and processed products with a focus on the European and North American markets.
The startup intends to use the new capital to improve farmgate infrastructure, introduce a waste-to-value product line for the food, pharmaceutical, and cosmetics industry, improve scalability and overall growth.
Manjula Gandhi Rooban, Founder and Managing Director of MangoPoint, said, “This is a major investment which will grow our network, grow our market reach and our scalability.” We are excited about the opportunities this opens beyond our core fresh mango business. Our goal is to innovate and create a strong mango value chain through processed products and mango-based ingredients, positioning MangoPoint as a pioneering leader in the industry.”
MangoPoint takes pride in avoiding harmful pesticides like calcium carbide and currently handles over 2,000 metric tonnes (MT) of mangoes annually. The company aims to scale operations to 20,000 MT in the coming years.
“Although Indian mangoes are among the finest globally, they have struggled to establish a strong international presence due to challenges like poor post-harvest handling, fragmented supply chains, and inadequate storage and transportation infrastructure, all of which impact quality and competitiveness. MangoPoint is addressing these issues by streamlining supply chains, implementing international-grade quality controls, and building robust post-harvest infrastructure to bring the ‘king of fruits’ to global consumers,” explained Mitesh Shah, Co-Founder of Inflection Point Ventures.
Industry reports suggest the global market for mangoes sits at $60 billion, with India contributing over $20 billion to the sector. The sector is growing strongly, with a CAGR of 4.9% – 8%.
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