# PALMONAS: Luxury goods & jewelry, Pune, India

> PALMONAS: PALMONAS is India's first demi-fine jewellery brand, founded in 2022 by Dr. Based in Pune, India. Founded 2022.

Source: https://millionrounds.com/startup/palmonas (Millionrounds; every figure on the page links to its filing or article)

India · [Luxury goods & jewelry startup](https://millionrounds.com/companies)

# PALMONAS

PALMONAS is India's first demi-fine jewellery brand, founded in 2022 by Dr.

Email

Funding reported Last round: Series B

Luxury goods & jewelry Pune, India

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Company summary

- **Founded:** 2022 4 years old
- **Team:** 120 51 to 200 people
- **Funding reported:** 46.6M as listed, currency not stated
- **Last round:** Series B Apr 2026

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for PALMONAS has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About PALMONAS

PALMONAS is India's first demi-fine jewellery brand, founded in 2022 by Dr.

Amol Patwari, Pallavi Mohadikar, and Bollywood actress Shraddha Kapoor, who joined as co-founder in 2024. The brand offers affordable luxury through durable, waterproof, and skin-safe jewellery designed for fashion-conscious women. With a mission to empower women, PALMONAS aims to make sophisticated jewellery accessible for everyday wear. Headquartered in Pune, Maharashtra, PALMONAS operates on a direct-to-consumer model with both online and physical store presence. The brand features over 350 products, including necklaces, rings, earrings, and bracelets, with new designs launched monthly. Their jewellery is crafted from high-quality materials like sterling silver and surgical stainless steel, ensuring pieces are tarnish-proof and suitable for daily use. PALMONAS also plans to expand its retail footprint with new stores, enhancing its reach to customers in over 200 countries.

## What company datasets say PALMONAS raised

Funding, as reported

Reported in all **46.6M** in the source's currency

Last round **Series B**

Last round size **40M**

Last round date **Apr 2026**

## On a portfolio page

Investors who name them

- [Xponentia Capital](https://millionrounds.com/fund/xponentia-capital)

Each firm lists PALMONAS on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

modern jewellery modern indian jewellery international shipping fashion ethical diamonds consumers wedding jewelry men's earrings custom jewelry personalized jewelry stackable rings special occasion jewelry distribution manufacturing sustainable materials surgical-grade stainless steel

Built with from their website

Google Tag Manager Naukri Amazon CloudFront Google Sheets Tableau Salesforce CRM Analytics React Native Paypal Google Ads Clarity SDM

+8 more

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- **Sector:** Luxury goods & jewelry
- **Industry code:** NAICS 33991, 45831, SIC 3914, 5944
- **Region:** Maharashtra
- **Revenue:** 5M a year, as listed

## Luxury goods & jewelry in India

Startups like it

- [**Melorra** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/melorra)
- [**Kushals Fashion Jewellery** Bengaluru · founded 2006](https://millionrounds.com/startup/kushals-fashion-jewellery)
- [**eské** Mumbai · founded 2012](https://millionrounds.com/startup/esk)
- [**Eternz** Bengaluru · founded 2023](https://millionrounds.com/startup/eternz)
- [**Jaipur Watch Company** Jaipur · founded 2013](https://millionrounds.com/startup/jaipur-watch-company)
- [**Amama Jewels** New Delhi · founded 2017](https://millionrounds.com/startup/amama-jewels)
- [**Abdesigns Jewellery** Surat · founded 2016](https://millionrounds.com/startup/abdesigns-jewellery)
- [**Voylla** Jaipur · founded 2012](https://millionrounds.com/startup/voylla)

## Is this your company?

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