About Palmonas
Palmonas is a company based in Pune (India) founded in 2022 by Pallavi Mohadikar and Amol Patwari.. Palmonas has raised $7.25 million across 3 funding rounds from investors including Vertex Ventures SG, Namita Thapar and Ritesh Agarwal. The company has 1 employees as of December 19, 2024. Palmonas offers products and services including Necklaces, Rings, Bracelets, Earrings, and Mangalsutra. Palmonas operates in a competitive market with competitors including GIVA, BlueStone, CaratLane, Melorra and Aulerth, among others.
- Headquarter Pune, India
- Employees 1 as on 19 Dec, 2024
- Founders Pallavi Mohadikar, Amol Patwari
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Palmonas Fashion Private Limited
- Date of Incorporation 27 May, 2021
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$628.88 K (USD)40.07as on Mar 31, 2024
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Net Profit
$-145.11 K (USD)-1558.55as on Mar 31, 2024
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EBITDA
$-138.9 K (USD)-849.3as on Mar 31, 2024
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Total Equity Funding
$7.25 M (USD)
in 3 rounds
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Latest Funding Round
$6.3 M (USD), Series A
Aug 25, 2025
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Investors
Vertex Ventures SG
& 22 more
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Employee Count
1
as on Dec 19, 2024
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Products & Services of Palmonas
Palmonas offers a comprehensive portfolio of products and services, including Necklaces, Rings, Bracelets, Earrings, and Mangalsutra. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Versatile necklaces for daily wear and gifting.
Fashion rings with gemstones for personal style.
Elegant bracelets suitable for everyday occasions.
Stud and hoop earrings for accessorizing outfits.
Traditional chains with modern designs for weddings.
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Funding Insights of Palmonas
Palmonas has successfully raised a total of $7.25M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.3 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $6.3M
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First Round
First Round
(03 Jan 2025)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series A - Palmonas | Valuation | Vertex Ventures |
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| Feb, 2025 | Amount | Angel Round - Palmonas | Valuation | Namita Thapar , Ritesh Agarwal |
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| Jan, 2025 | Amount | Seed - Palmonas | Valuation | Vaishali Gupta |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Palmonas
Palmonas has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Vertex Ventures SG, Namita Thapar and Ritesh Agarwal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investment fund providing seed funding and mentorship to Indian startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Palmonas
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Palmonas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Palmonas Comparisons
Competitors of Palmonas
Palmonas operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GIVA, BlueStone, CaratLane, Melorra and Aulerth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
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| domain | founded_year | HQ Location |
Subscription-based jewelry is provided by digital-first brand BlueStone.
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| domain | founded_year | HQ Location |
Precious jewelry is offered online for men and women.
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| domain | founded_year | HQ Location |
Precious jewelry is offered online by this internet-first brand.
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| domain | founded_year | HQ Location |
Precious jewelry is offered through an online platform.
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| domain | founded_year | HQ Location |
Jewellery including bracelets, anklets, and necklaces is offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Palmonas
Frequently Asked Questions about Palmonas
When was Palmonas founded?
Palmonas was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Palmonas located?
Palmonas is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Palmonas?
Pallavi Mohadikar is the current CEO of Palmonas. They have also founded this company.
Is Palmonas a funded company?
Palmonas is a funded company, having raised a total of $7.25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $804.38K, raised on Jan 03, 2025.
How many employees does Palmonas have?
As of Dec 19, 2024, the latest employee count at Palmonas is 1.
What is the annual revenue of Palmonas?
Annual revenue of Palmonas is $628.88K as on Mar 31, 2024.
What does Palmonas do?
Palmonas was founded in 2022 in Pune, India, within the jewelry sector. A range of demi-fine pieces, including necklaces, rings, bracelets, and earrings, is crafted from surgical steel and sterling silver with 18k gold plating. Lab-grown diamonds are incorporated in select designs. Styles vary from minimalist to elaborate, supporting everyday and occasional use across operations.
Who are the top competitors of Palmonas?
What products or services does Palmonas offer?
Palmonas offers Necklaces, Rings, Bracelets, Earrings, and Mangalsutra.
Who are Palmonas's investors?
Palmonas has 23 investors. Key investors include Vertex Ventures SG, Namita Thapar, Ritesh Agarwal, Vaishali Gupta, and Risify.
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