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vishakha Jangir

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Set2Score • 1m

𝗛𝗼𝘄 𝗱𝗶𝗱 𝘁𝗵𝗶𝘀 𝗯𝗿𝗮𝗻𝗱 𝗼𝗻𝗯𝗼𝗮𝗿𝗱 𝗦𝗵𝗿𝗮𝗱𝗱𝗵𝗮 𝗞𝗮𝗽𝗼𝗼𝗿 𝗮𝘀 𝗮 𝗰𝗼-𝗳𝗼𝘂𝗻𝗱𝗲𝗿? 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 ₹900 to ₹8,000 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 10× increase after Shraddha came on board Initially bootstrapped before raising external funding Raised about ₹6 crore in an early angel round Secured ₹1.26 crore on Shark Tank India Season 4 for 1% equity from Namita Thapar and Ritesh Agarwal Closed Series A funding of ₹55 crore in August 2025 led by Vertex Ventures SEAI Operating revenue of ₹5.38 crore in FY 2023-24 compared to ₹3.83 crore in FY 2022-23 Losses of ₹1.24 crore in FY 2023-24 Monthly revenue run rate of around ₹1 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 ₹126 crore Valuation after Series A reported around ₹550 crore Positioned as an everyday luxury jewellery brand for customers seeking affordable elegance.

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