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Palmonas Secures INR55 Crore to Expand Demi-Fine Jewelry

8/30/2025

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Summary

Story summary

Palmonas, a Pune-based demi-fine jewellery startup, secured INR55 crore in Series A funding from Vertex Ventures SEAI.
Established in 2022, the company plans to open 100 new stores in India within a year.
Palmonas has fulfilled over 6.5 lakh orders and aims to expand internationally, competing with brands like GIVA and CaratLane.
The Indian demi-fine jewellery market is expected to reach USD 460.6 million by 2030, growing at a CAGR of 12.1%.

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Story summary

Palmonas, a Pune-based demi-fine jewellery startup, secured INR55 crore in Series A funding from Vertex Ventures SEAI.
Established in 2022, the company plans to open 100 new stores in India within a year.
Palmonas has fulfilled over 6.5 lakh orders and aims to expand internationally, competing with brands like GIVA and CaratLane.
The Indian demi-fine jewellery market is expected to reach USD 460.6 million by 2030, growing at a CAGR of 12.1%.