Palmonas Bags INR 55 Cr To Scale Its Demi-Fine Jewellery Line

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SUMMARY

It plans to use the fresh capital to strengthen its 9kt gold demi-fine collection, open 100 new stores in the next 12 months and expand into newer categories

Palmonas was valued at INR 126 Cr in February, following an INR 1.26 Cr investment by Namita Thapar and Ritesh Agarwal on Shark Tank India Season 4

Founded in 2022 by Mohadikar and Amol Patwari, with Shraddha Kapoor later joining as cofounder, Palmonas is a direct-to-consumer jewellery brand specialising in demi-fine jewellery…



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Palmonas Bags INR 55 Cr To Scale Its Demi-Fine Jewellery Line


SUMMARY

It plans to use the fresh capital to strengthen its 9kt gold demi-fine collection, open 100 new stores in the next 12 months and expand into newer categories

Palmonas was valued at INR 126 Cr in February, following an INR 1.26 Cr investment by Namita Thapar and Ritesh Agarwal on Shark Tank India Season 4

Founded in 2022 by Mohadikar and Amol Patwari, with Shraddha Kapoor later joining as cofounder, Palmonas is a direct-to-consumer jewellery brand specialising in demi-fine jewellery…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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