MangoPoint, the first recognized packhouse in Tamil Nadu, secured INR 3.5 Crores in funding to expand operations and promote India's mango exports sustainably.
Target Company Overview
MangoPoint, established in 2018 by the husband-and-wife team of Manjula Gandhi Rooban and Prasanna Venkatarathnam, is the first packhouse in Tamil Nadu recognized by APEDA and NPPO. The company focuses on exporting single-origin, carbide-free, and chemical-free fresh mangoes, as well as processed mango products, primarily to Europe and North America. Recently, MangoPoint successfully raised INR 3.5 Crores in a funding round led by The Chennai Angels, with contributions from the Nativelead Angel Network and Keiretsu Forum. The funds will be allocated to enhance farmgate infrastructures, boost scalability, and support global distribution of high-quality mangoes and mango products from India.
MangoPoint is dedicated to establishing a sustainable, integrated value chain within the mango industry, which includes eco-friendly farming methods, environmentally responsible processing, and sustainable packaging solutions. This latest investment is expected to significantly accelerate the company’s growth trajectory and its mission to promote India’s national fruit on a global scale.
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Industry Overview in India
India is the largest producer of mangoes in the world, accounting for nearly 50% of global mango production. The country’s diverse climate allows for a variety of mango cultivars, making it a central player in the global mango industry. The demand for chemical-free and
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The Chennai Angels
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in a Seed Stage deal
Disclosed details
Transaction Size: $0M