Every round on record, with the sources behind each and the investors on them.
A demi-fine jewellery start-up
palmonas.comLinkedInMumbai, IndiaConsumerFounded 2022
5 sources · checked 1 time, last 44d ago
Developing: it holds up against its sources so far, and firms up as more reporting lands.
Valuation none read as close to Rs 2,000 crore (indianjeweller.in)
The sources name the participating investor as “Vertex Ventures” and “Vertex Ventures SE Asia & India”; both are retained as written. The valuation is stated only by Indian Jeweller, while the other sources do not state one.
1 source
Developing: it holds up against its sources so far, and firms up as more reporting lands.
The page shows a 27 February publication label but carries a 21 February dateline; the dateline fixes the announcement day. No source states headquarters or identifies a lead investor.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series B Series B funding round [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $40M | 2026-04-01 | Vertex Growth Fund, Xponentia Capital | No recent discussion |
5 sources · checked 1 time, last 44d ago [ DEVELOPING ] Developing: it holds up against its sources so far, and firms up as more reporting lands. read against 4 of 5 sources
Valuation none read as close to Rs 2,000 crore (indianjeweller.in) The sources name the participating investor as “Vertex Ventures” and “Vertex Ventures SE Asia & India”; both are retained as written. The valuation is stated only by Indian Jeweller, while the other sources do not state one. | ||||
Palmonas designs and sells demi-fine jewellery made for everyday wear, positioning it as affordable luxury for modern consumers between fashion accessories and fine jewellery.
Palmonas is addressing the gap its founders identify between expensive gold jewellery and cheap imitation pieces with waterproof, skin-safe demi-fine products at more accessible prices. Its reported traction—more than 6.5 lakh orders, ₹39 crore of FY25 operating revenue and FY25 profitability—helps explain why the Series A and later funding are being used to expand its store network and take the category to more consumers.
| Funding round [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $145K ₹1.26 Crore | 2025-02-21 | not stated | No recent discussion |
1 source [ DEVELOPING ] Developing: it holds up against its sources so far, and firms up as more reporting lands. read against 1 source The page shows a 27 February publication label but carries a 21 February dateline; the dateline fixes the announcement day. No source states headquarters or identifies a lead investor. [ BUILT WITH ]·[ SEARCH ]found by Firecrawl search·[ SCRAPE ]1 page read: smestreet.in·[ JSON ]round read into a schema, with the sentence that states it·[ VERIFY ]confirmedchecked against 1 source·[ BRANDING ]logo and colour from the homepage·[ AGENT ]company research by the Firecrawl agent | ||||
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Angel funding round | ₹6 crore | undated | not stated | |