Founded in 2022 by Pallavi Mohadikar & Dr. Amol Patwari, Palmonas introduces demi-fine jewellery - pieces that combine luxury aesthetics with everyday wearability.

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The brand stands out with its modern, internationally inspired designs while keeping prices competitive through its India-based supply chain.

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Palmonas truly made headlines when Bollywood actor Shraddha Kapoor joined the brand as a co-founder.

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Equity Split of Palmonas: Shraddha Kapoor owns 21%. Pallavi Mohadikar: 50%. Dr. Amol Patwari: 29%.

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Palmonas’ Revenue Growth: FY22-23: ₹3.8 crore. FY23-24: ₹6 crore. FY24-25 (Till Nov): ₹13.5 crore. FY24-25 Projected: ₹35 crore.

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Palmonas is now available in over 200 countries, showing strong global ambition.

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The founders entered Shark Tank India with a ₹1.26 crore ask for 1% equity, valuing the company at ₹126 crore.

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Namita Thapar and Ritesh Agarwal were the most interested sharks. Namita revised her offer: ₹1.26 crore for 1% equity. 0.5% royalty until ₹1.25 crore was recovered.

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With sharks Ritesh Agarwal joining Namita, the founders sealed the deal, keeping their valuation at ₹126 crore while securing both funding and mentorship.

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