About Palmonas
Palmonas is a company based in Pune (India) founded in 2022 by Pallavi Mohadikar and Amol Patwari. Palmonas has raised $19.31 million across 4 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
$19.31 M (USD)
in 4 rounds
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Latest Funding Round
$12.06 M (USD), Series B
Jan 31, 2026
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Investors
Vertex Ventures SG
& 23 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.
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.
People of Palmonas
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Funding Insights of Palmonas
Palmonas has successfully raised a total of $19.31M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $12.06 million completed in January 2026. 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 4
- Last Round Series B — $12.1M
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First Round
First Round
(03 Jan 2025)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series B - Palmonas | Valuation | Xponentia Capital | |
| 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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Investors in Palmonas
Palmonas has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Vertex Ventures SG, Namita Thapar and Ritesh Agarwal.
| 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 |
Investments & Acquisitions by Palmonas
Financial Statements - Palmonas
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.
| 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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Frequently Asked Questions about Palmonas
Palmonas was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Palmonas is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Pallavi Mohadikar is the current CEO of Palmonas. They have also founded this company.
Palmonas is a funded company, having raised a total of $19.31M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $145.4K, raised on Jan 03, 2025.
As of Dec 19, 2024, the latest employee count at Palmonas is 1.
Annual revenue of Palmonas is $628.88K as on Mar 31, 2024.
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.
Palmonas offers Necklaces, Rings, Bracelets, Earrings, and Mangalsutra.
Palmonas has 24 investors. Key investors include Vertex Ventures SG, Namita Thapar, Ritesh Agarwal, Vaishali Gupta, and Risify.