Palmonas raises Rs 55 Cr in Series A to expand its demi-fine jewelry line and retail presence

Palmonas has raised $6.2M in Series A funding led by Vertex Ventures SEAI to expand its 9kt gold collection and open 100 new stores. Founded in 2022 by Pallavi Mohadikar and Amol Patwari, with Shraddha Kapoor as cofounder, the demi-fine jewelry brand follows a D2C model across online and offline channels. Having processed 6.5 lakh orders, Palmonas now competes with GIVA and BlueStone in India’s $3.7B jewelry market.