Palmonas, India’s leading demi-fine jewellery brand, has raised ₹55 crore in a Series A funding round led by Vertex Ventures Southeast Asia & India (SEAI).
Founded in 2022 by Pallavi Mohadikar (CEO & Co-Founder), Amol Patwari, and Shraddha Kapoor, Palmonas is redefining everyday luxury jewellery with its waterproof, skin-safe, and design-led demi-fine pieces.
The fresh capital will be used to:
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Expand to 100 new stores across India within 12 months
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Strengthen its 9kt gold demi-fine collection
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Double down on best-selling categories
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Create immersive brand experiences to build lifelong customers
The brand has already fulfilled 6.5+ lakh orders, building a strong base of repeat customers. Earlier, Palmonas raised funding from Shark Tank India investors Namita Thapar and Ritesh Agarwal, valuing the company at ₹126 crore in February 2025.
“Jewellery should feel like a second skin, beautiful and effortless. With this investment, we’re ready to take Palmonas to every corner of India and eventually, the world,” said Shraddha Kapoor, Co-Founder.
Kanika Mayar, Partner at Vertex Ventures SEA & India, added: “Palmonas is redefining what jewellery means for the modern Indian consumer. The founders have demonstrated incredible execution, and we’re excited to support their journey towards global markets.”
With this milestone, Palmonas aims to cement its position as the go-to destination for everyday luxury jewellery in India and beyond.
By: Arushi Agarwal
