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Palmonas

Demi-fine jewellery

Deal

The pitch

Season / Episode: S4 E34
Aired: 20 Feb 2025
Industry: Beauty/Fashion
From: Pune, Maharashtra
Founded: 2022
Asked for: ₹1.26 Cr for 1%
Valuation asked: ₹126 Cr

The outcome

Deal: ₹1.26 Cr for 1%
Deal valuation: ₹126 Cr
Royalty: 0.5%
Yearly revenue: ₹13.5 Cr
Gross margin: 76%

Who invested

Namita₹63 L for 0.5%
Ritesh₹63 L for 0.5%

Founders

Amol Patwari — Co-founder source
Pallavi Mohadikar — Co-founder source
Shraddha Kapoor — Co-founder source

Researched from public sources · checked 20 Aug 2026

What happened next

Palmonas raises $40 Mn in Series B led by Xponentia Capital, Vertex Growth Fund
Palmonas raised a $40 million Series B round led by Xponentia Capital and Vertex Growth Fund, with participation from existing investor Vertex Ventures.
Entrackr · 2 Apr 2026
Palmonas raises Rs 55 crore in Series A led by Vertex Ventures SEAI
Jewellery brand Palmonas raised Rs 55 crore in a Series A funding round led by Vertex Ventures SEAI.
Indian Startup News · 26 Aug 2025

News is researched from public sources, is not exhaustive, and carries the date it was published — not a live status.

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