Demi-fine jewellery brand Palmonas, co-founded by actress Shraddha Kapoor, has successfully raised ₹200 crore in its Series B funding round. The investment, led by Xponentia Capital and Vertex Ventures, values the company at ₹1,950 crore—a massive 3.8-fold increase from its previous valuation of ~₹500 crore. The brand, which initially gained fame through celebrity endorsements and its success on ‘Shark Tank India,’ plans to use the fresh capital to expand its omnichannel presence and bolster its ‘luxury for all’ market position.
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