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Jewellery startup Palmonas to raise Rs.55-Cr

Entrackr   Palmonas   Palmonas  

Pune-based D2C jewellery startup Palmonas is to raise INR 55 crore in a Series A funding led by Vertex Ventures. Post allotment the company is valued at INR 550 crore (USD 65 million).Founded in 2022 by Amol Patwari and Pallavi Mohadikar, Palmonas retails luxury gold and jewellery. The company has a wide range of products including necklaces, rings, bracelets and earrings.

In Feb-25, Palmonas raised funding from Namita Thapar and Ritesh Agarwal.