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vishakha Jangir
ย โขย
Set2Scoreย โขย 2d
๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐๐ต๐ถ๐ ๐ฏ๐ฟ๐ฎ๐ป๐ฑ ๐ผ๐ป๐ฏ๐ผ๐ฎ๐ฟ๐ฑ ๐ฆ๐ต๐ฟ๐ฎ๐ฑ๐ฑ๐ต๐ฎ ๐๐ฎ๐ฝ๐ผ๐ผ๐ฟ ๐ฎ๐ ๐ฎ ๐ฐ๐ผ-๐ณ๐ผ๐๐ป๐ฑ๐ฒ๐ฟ? It's Palmonas. Founded in 2022 by Pallavi Mohadikar and Dr. Amol Patwari in Pune Built as a demi-fine jewellery brand positioned between fashion jewellery and high-end fine jewellery Products made from gold-coated stainless steel, skin-safe and designed for everyday use Price range of products typically between โน900 to โน8,000 Shraddha Kapoor joined in March 2024 as co-founder through an equity deal She plays an active role in brand building, visibility, and strategy Website traffic saw a 10ร increase after Shraddha came on board Initially bootstrapped before raising external funding Raised about โน6 crore in an early angel round Secured โน1.26 crore on Shark Tank India Season 4 for 1% equity from Namita Thapar and Ritesh Agarwal Closed Series A funding of โน55 crore in August 2025 led by Vertex Ventures SEAI Operating revenue of โน5.38 crore in FY 2023-24 compared to โน3.83 crore in FY 2022-23 Losses of โน1.24 crore in FY 2023-24 Monthly revenue run rate of around โน1 crore before Series A Fulfilled over 6.5 lakh orders by the time of Series A Operates two offline stores in Pune with plans for 25 stores across major cities within 14 months Plans expansion to 100 new stores within the next 12 months post-Series A Valuation after Shark Tank deal estimated at โน126 crore Valuation after Series A reported around โน550 crore Positioned as an everyday luxury jewellery brand for customers seeking affordable elegance.
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