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MangoPoint Secures INR 3.5 Crore Led by The Chennai Angels

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MangoPoint, recognized as the first-ever APEDA- and NPPO-approved packhouse in Tamil Nadu, has secured an investment of INR 3.5 Crores. This funding was led by the Chennai Angels, in partnership with the Nativelead Angel Network and Keiretsu Forum. Founded in 2018 by the forward-thinking duo Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint specializes in exporting high-quality mangoes and mango products, free from carbide and chemicals, to Europe and North America. The influx of capital aims to enhance farm infrastructure, boost scalability, expedite expansion, and globally exhibit India's exceptional mangoes and their derivatives.

"Manjula Gandhi Rooban, Co-Founder of MangoPoint, expressed our dedication to building an environmentally conscious mango value chain, focusing on sustainable farming, eco-friendly processing, and responsible packaging. She highlighted that this investment will strengthen our capacity to consistently deliver exceptional mangoes and products worldwide while maintaining stringent quality standards".

"Balakrishnan Ranganathan, CMD of Excelencia iTech Consulting and Lead Investor at The Chennai Angels, emphasized the significance of MangoPoint's mission. He stated that as India significantly contributes to global mango production, MangoPoint's commitment to quality and natural ripening aligns with the increasing global demand for such produce. The funding reflects investors' confidence in MangoPoint's commitment to quality and sustainability, adapting to the changing landscape in agriculture. This support further advances the company's vision of elevating India's mangoes to a global level".