Angel Investments
Bollywood actor Shraddha Kapoor’s jewellery brand Palmonas raises Rs.1.26 Cr
Bollywood actress Shraddha Kapoor’s Pune-based online jewelry brand Palmonas has raised INR 1.26 crore for a 1% equity stake from Shark Tank India investors Emcure Pharmaceuticals’ Namita Thapar and hospitality firm Oyo’s founder Ritesh Agarwal.Founded in 2022, Palmonas offers demi-fine jewellery crafted from silver, stainless steel, and gold vermeil. It has launched five retail stores in three months.The proceeds will be used to drive the company’s expansion, scaling offline retail operations with experience stores in key metropolitan cities, for accelerating its international expansion and for technological advancements.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
