MangoPoint, a startup focused on exporting chemical-free, single-origin Indian mangoes, has secured $1 million in a pre-series A funding round. The investment was led by Inflection Point Ventures (IPV) and included participation from The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, and JITO Incubation and Innovation Foundation (JIIF).
The company, founded in 2018 by Manjula Gandhi Rooban and Prasanna Venkatarathnam, aims to use the fresh capital to expand its infrastructure, enter new markets, strengthen its back-end operations, and broaden its product portfolio beyond fresh mangoes.
MangoPoint’s business model addresses a significant challenge in the Indian mango export market: ensuring quality and consistency. The company focuses on post-harvest management, ensuring mangoes are naturally ripened without harmful chemicals like calcium carbide. Currently handling over 2,000 metric tons of mangoes annually, MangoPoint plans to scale this tenfold in the coming years.
The company has established itself as a quality-focused player, becoming the first packhouse in Tamil Nadu to be recognized by both APEDA and NPPO. It has also received FDA accreditation, which allows it to export to key international markets, including North America, Europe, and China.
Mitesh Shah, Co-Founder of IPV, commented on the investment, saying, “Despite Indian mangoes being among the finest in the world, they lag behind in terms of making their international presence felt, due to poor post-harvest handling, disorganized supply chain, inadequate storage, and transportation infrastructure affecting quality and international competitiveness. MangoPoint is resolving this by streamlining the supply chain, introducing international grade quality control and establishing post harvest infrastructure thus bringing the Indian king of fruits on the global market’s palate.”
Manjula Gandhi Rooban, Founder & MD of MangoPoint, expressed optimism about the future. "This investment will significantly enhance our network, broaden our market reach, and drive scalability. We are optimistic about the exciting opportunities this opens beyond our core Fresh Mangoes business, enabling us to innovate and build a robust mango value chain with processed products and mango-based ingredients, positioning us as a unique leader in the industry,” she said.
The global mango industry is estimated to be worth $60 billion, with India accounting for a significant portion of that market.
