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The funds will be utilised to scale infrastructure, enter new markets, enhance backend operations, and diversify the product portfolio
Chemical-free high-quality fresh mangoes exporter MangoPoint raises $1 million in Pre-series A round led by the Inflection Point Ventures. The round also saw 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).
Since its founding in 2018, Mangopoint has established a name for itself as a high-end supplier of fresh mangoes that are single-origin, free of chemicals and carbides, as well as processed mango goods, to North America and Europe.
Manjula Gandhi Rooban and Prasanna Venkatarathnam, two experts with extensive international expertise in supply chain, consulting, and IT, co-founded MangoPoint.
Mitesh Shah, Co-Founder, IPV says, “Despite Indian mangoes being among the finest in the world, they lag in terms of making their international presence felt, due to poor post-harvest handling, disorganised 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 to the global market’s palate.”
Manjula Gandhi Rooban, Founder and MD, MangoPoint says, “We are excited with our journey and partnership with IPV and other investors in this funding round. 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.”