Palmonas funding news - The India Bizz Startup News Website https://theindiabizz.com/topic/palmonas-funding-news/ The India Bizz – Startup, Business & Funding News from India Mon, 26 May 2025 07:01:44 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://theindiabizz.com/wp-content/uploads/2025/09/cropped-TIB-profile-logo-32x32.png Palmonas funding news - The India Bizz Startup News Website https://theindiabizz.com/topic/palmonas-funding-news/ 32 32 Shraddha Kapoor-Backed Palmonas to Raise ₹55 Cr Led by Vertex Ventures https://theindiabizz.com/startup-funding-news-india/shraddha-kapoor-backed-palmonas-to-raise-%e2%82%b955-cr-led-by-vertex-ventures/ https://theindiabizz.com/startup-funding-news-india/shraddha-kapoor-backed-palmonas-to-raise-%e2%82%b955-cr-led-by-vertex-ventures/#respond Mon, 26 May 2025 07:01:42 +0000 https://theindiabizz.com/?p=32416 Palmonas, the Shark Tank-famed direct-to-consumer (D2C) jewelry startup, is set to raise its first institutional funding round. Pune-based Palmonas is reportedly finalizing a ₹55 crore Series A round, led by Vertex Ventures, at a post-money valuation of ₹550 crore (approximately $65 million), according to sources familiar with the matter. Founded...

The post Shraddha Kapoor-Backed Palmonas to Raise ₹55 Cr Led by Vertex Ventures appeared first on The India Bizz Startup News Website.

The post Shraddha Kapoor-Backed Palmonas to Raise ₹55 Cr Led by Vertex Ventures appeared first on The India Bizz Startup News Website.

]]> Palmonas, the Shark Tank-famed direct-to-consumer (D2C) jewelry startup, is set to raise its first institutional funding round. Pune-based Palmonas is reportedly finalizing a ₹55 crore Series A round, led by Vertex Ventures, at a post-money valuation of ₹550 crore (approximately $65 million), according to sources familiar with the matter.

Founded in 2022 by Amol Patwari and Pallavi Mohadikar, Palmonas specializes in demi-fine jewelry crafted from stainless steel with 18k gold vermeil coating. Its product range includes necklaces, rings, earrings, bracelets, and modern mangalsutras.

Earlier in 2025, the brand raised ₹1.26 crore on Shark Tank India Season 4 from Namita Thapar and Ritesh Agarwal, valuing the company at ₹126 crore. Prior to that, Palmonas secured ₹6 crore in an angel round. In March 2024, actress Shraddha Kapoor joined as co-founder.

The company reported ₹5.38 crore in revenue for FY24 with ₹1.24 crore in losses. An official announcement is expected soon.

The post Shraddha Kapoor-Backed Palmonas to Raise ₹55 Cr Led by Vertex Ventures appeared first on The India Bizz Startup News Website.

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