Palmonas funding, investors and company details

Palmonas is an emerging Jewellery startup from Pune, working in the space of Demi-fine jewellery brand offering everyday luxury. Founded by Pallavi Mohadikar, Amol Patwari, Shraddha Kapoor.

Company: Palmonas Fashion Private Limited
Sector: Jewellery
Location: Pune
Founders: Pallavi Mohadikar, Amol Patwari, Shraddha Kapoor

Company overview

Palmonas is a rising demi-fine jewellery brand that strategically positions itself between fine and fashion jewellery. It offea concept of “everyday luxury,” blending affordability with long-lasting quality. The brand utilizes materials such as 18K gold plating, sterling silver, stainless steel, and lab-grown diamonds toaft pieces that are both elegant and durable. The company has witnessed rapid growth, expanding its footprint across digital and physical platforms. With approximately 25 stores spread throughout India and international shipping available to over 200 countries, Palmonas has built a strong presence in the global market. Its jewellery is known for being lightweight, hypoallergenic, and tarnish-resistant, appealing to modern minimalist sensibilities while incorporating cultural motifs like mangalsutras and evil-eye charms. Looking ahead, Palmonas plans to launch around 100 new stores within the next year, targeting metropolitan hubs as well as tier-2 and emerging cities. With a mission to make luxury more accessible, the brand continues to carve out a distinct niche in India’s evolving jewellery landscape, navigating competition from both legacy jewelleand contemporary D2C brands.

Funding rounds

Latest round (Series B): $ 40.00 Mn (₹381.76 Cr.), 2026-04-02. Investors: Vertex Growth Fund, Vertex Ventures SEA, Xponentia Capital
Past round (Series A): ₹55.00 Cr. ($ 6.24 Mn), 2025-08-26. Investors: Vertex Ventures