Demi-fine jewellery startup Palmonas is set to raise Rs 200 crore (approximately $22 million) in its Series B round led by XPONENTIA Capital, with participation from existing investor Vertex Ventures, according to the company’s internal documents reviewed by Entrackr.
Palmonas last raised Rs 55 crore from Vertex Ventures in May last year. Entrackrexclusively reported the fundraise at the time.
The company’s filings with the Registrar of Companies (RoC) indicate the fundraise, as its board is set to issue 815 Series B CCPS at an issue price of Rs…

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