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. 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
- Founders Pallavi Mohadikar, Amol Patwari
- SectorsRetail
- Website category Lifestyle · Jewelry and Luxury Products
- Email••••••••
- Phone•••• ••••
- Website palmonas.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Palmonas Fashion Private Limited
- Date of Incorporation 27 May, 2021
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹10.76 Cr
FY 2025 · +100% YoY
- Net Loss-₹34.4 Lakh
FY 2025 · -3% margin
- EBITDA-₹30.4 Lakh
FY 2025 · -3% margin
- Total Equity Funding$19.31M (USD)
in 4 rounds
- Latest Funding Round$12.06M (USD), Series B
Jan 2026
- InvestorsVertex Ventures SG
& 23 more
- Employee Count1
Associated legal entities of Palmonas
Palmonas operates through Palmonas Fashion Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Palmonas Fashion Private Limited CIN U17299PN2021PTC201301 | Active | 27 May 2021 | Pune, Maharashtra | ₹10.8 Cr | – | 2 | View details |
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.
Apps and channels of Palmonas
its YouTube channel PALMONAS has 7.31K subscribers and 15 videos.
Videos from Palmonas
The most watched videos on Palmonas's YouTube channel, PALMONAS (7.31K subscribers). Click a video to play it here.
More on PALMONAS.
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 $19.31M
- Total Rounds 4
- Last Round Series B — $12.06M
- First Round $804,380
(Jan 2025)
- Investors Count 24
All 4 funding rounds of Palmonas with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $12.06M | Series B | – | Xponentia Capital | |
| Aug 2025 | $6.3M | Series A | – | Vertex Ventures | – |
| Feb 2025 | $145,403 | Angel Round | – | Namita Thapar, Ritesh Agarwal | – |
| Jan 2025 | $804,380 | Seed | – | Vaishali Gupta |
24 investors in total: 4 institutional and 20 angel.
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 |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Early-stage investment fund providing seed funding and mentorship to Indian startups. | – | thaparvision.com | - | |
- | – | xponentia.in | - | |
- | – | risify.ai | - | |
NT Namita Thapar | Executive Director at Emcure Pharmaceuticals, angel investor, Shark Tank India judge | – | unknown_232f190df0564629a | - |
RA Ritesh Agarwal | - | – | unknown_c9f5d38f1c9649238 | - |
VG Vaishali Gupta | - | – | unknown_13ec8ee3938d40ce8 | - |
YA Yash Abhay Chordia | - | – | unknown_c35c0d2fda584af3b | - |
AJ Atishay Jain | - | – | unknown_d4c4ea47b08348f2a | - |
OT Onkar Thonte | - | – | unknown_62ade344d820435ca | - |
Investor details for Palmonas
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Palmonas Fashion Private Limited (Palmonas)
Palmonas Fashion Private Limited is the primary company behind Palmonas. The board of Palmonas Fashion Private Limited currently have 2 directors; the longest-serving is Amol Sangram Patwari, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amol Sangram Patwari DIN 09184952 | Director | 27 May 2021 | 5 yrs 4 mo | Palmonas Fashion Private Limited |
| Prasad Ashok Mohadikar DIN 09530920 | Additional Director | 31 Aug 2023 | 3 yrs 1 mo | Palmonas Fashion Private Limited |
People of Palmonas
6 people are tracked at Palmonas (5 in leadership, 1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Akhil Sharma | Head of Strategy | Leadership |
Avi Bafna | Founder’s Office | Leadership |
Dilip T.r | Head Of Marketplace & Quick Commerce | Leadership |
Razzaque Pathan | Retail Operations Manager | Team |
Complete people profiles for Palmonas
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Palmonas
Figures of Palmonas Fashion Private Limited, the primary company behind Palmonas, for FY 2025. Revenue was ₹10.76 Cr (+100% year on year). Net loss was -₹34.4 Lakh (-3% margin). EBITDA was -₹30.4 Lakh (-3% margin). Revenue has grown at a compounded annual rate of +775% over three years.
- ₹10.76 CrRevenue · FY 2025 · +100% YoY
- -₹34.4 LakhNet loss · -3% margin
- -₹30.4 LakhEBITDA · -3% margin
- ₹1 LakhPaid-up capital
- +775%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Palmonas Fashion Private Limited are on its company page.
Detailed financial statements for Palmonas
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Palmonas
3 dated milestones of Palmonas across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Palmonas is founded.
- Funding First funding round of $804K.
- Funding Latest funding round, Series B, of $12.1M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| giva.co | 2019 | Bengaluru, India | $131.25M | 2,023 | Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | |
| bluestone.com | 2011 | Bengaluru, India | $254.97M | 4,102 | Subscription-based jewelry is provided by digital-first brand BlueStone. | |
| caratlane.com | 2008 | Chennai, India | $57.88M | 1,564 | Precious jewelry is offered online for men and women. | |
| melorra.com | 2015 | Bengaluru, India | $88.34M | 162 | Precious jewelry is offered online by this internet-first brand. | |
| aulerth.com | 2021 | Gurugram, India | $1.34M | 10 | Precious jewelry is offered through an online platform. | |
| gargi.shop | 2021 | Pune, India | – | 38 | Jewellery including bracelets, anklets, and necklaces is offered online. | |
| tribeamrapali.com | 2013 | Jaipur, India | – | 91 | Provides online sales of handcrafted traditional, tribal, and contemporary jewellery designs. | |
| fourseven.com | 2012 | Gurugram, India | $1.12M | – | Online platform offering designer jewellery | |
| outhouse-jewellery.com | 2012 | Delhi, India | – | 34 | A brand specializing in fine jewelry products. |
Detailed competitors of Palmonas
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Palmonas
The website of Palmonas (palmonas.com) receives about 5.3M visits a month and ranks #15,411 among all websites worldwide, #714 in Jewelry and Luxury Products.
- Monthly visits5.3M
▲ 53.6% vs previous month
- Unique visitors2.1M
per month
- Global rank#15,411
among all websites
- Category rank#714
Lifestyle · Jewelry and Luxury Products
- Bounce rate44%
- Pages per visit3.7
- Average visit3 min 49 sec
- DevicesDesktop 8% · Mobile 92%
Websites whose visitors overlap most with Palmonas. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| giva.co | 100% | 4.9M | #10,076 | View details | |
| miabytanishq.com | 90% | 1.3M | #44,221 | View details | |
| salty.co.in | 86% | 1.1M | #48,734 | View details | |
| caratlane.com | 81% | 5.1M | #10,738 | View details | |
| bluestone.com | 79% | 3.4M | #15,816 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Palmonas
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- 40 similar websites
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Latest news on Palmonas
Complete news archive for Palmonas
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Palmonas
10 companies that operate in the same segment as Palmonas (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.08 B | USD 939.4 M | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 2,420 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Lithuania | USD 872.04 M | – | – | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 850 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | – | – |
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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 Seed of $804.38K, raised on Jan 2025.
Palmonas has 1 employees.
The primary company behind Palmonas, Palmonas Fashion Private Limited, reported revenue of ₹10.76 Cr for FY 2025, up 100% year on year.
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.
Palmonas operates through Palmonas Fashion Private Limited.
The legal entities of Palmonas currently have 2 directors, including Amol Sangram Patwari, Prasad Ashok Mohadikar.