Chemical-free mangoes exporter MangoPoint raises $1 million; Investor says, 'Indian mangoes lag behind...'

Chemical-free mangoes exporter MangoPoint raises $1 million in a pre-series A funding round to expand infrastructure, reach additional markets, strengthen backend and increase product portfolio.

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Gurugram-based Inflection Point Ventures led the round, with 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).

Founded in 2018, MangoPoint said it specialises in exporting single-origin, carbide-free, chemical-free fresh mangoes, mango ingredients and processed mango products to Europe and North America. 

The startup plans to use the raised funds to expand farmgate infrastructures, develop waste-to-value category with mango ingredients for food, pharma and cosmetic industries, enhance scalability, and accelerate growth.

“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,” said Manjula Gandhi Rooban, Founder & MD, MangoPoint.

MangoPoint said it avoids the use of dangerous pesticides like calcium carbide and is handling more than 2,000 MT of mangoes a year. The startup now plans to expand to 20,000 MT in the coming years.

“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,” said Mitesh Shah, Co-Founder, IPV.

According to the reports, the mango industry is estimated at $60 billion globally, with over $20 billion in India alone, growing at a CAGR of 4.9% to 8%.