Agritech exporter MangoPoint has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures (IPV).
Other investors in the round include The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, and JITO Incubation and Innovation Foundation.
The startup will use the money to improve its infrastructure, enter new markets, strengthen backend operations, and grow its product range.
According to Inflection Point Ventures, India grows nearly 50% of the world’s mangoes—about 24 million metric tonnes. However, the country faces problems with quality, supply chain management, and staying competitive in global markets.
MangoPoint aims to solve these issues by creating a value chain that is both sustainable and meets international standards.
MangoPoint was founded in 2018 by Manjula Gandhi Rooban and Prasanna Venkatarathnam.
The company exports high-quality, chemical-free, single-origin Indian mangoes and mango-based products, mainly serving customers in North America and Europe.
MangoPoint currently processes over 2,000 metric tonnes of mangoes each year and plans to scale this up to 20,000 MT in the coming years. It operates APEDA and NPPO-certified packhouses and has FDA approval to export to major international markets.
The startup also plans to grow its presence in the processed mango segment by offering mango-based ingredients and value-added products for global customers.
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