Palmonas

$46.3M raised across 2 rounds tracked here. Latest: Series B, $40M on 1 April 2026.

Total raised: $46.3M
Rounds: 2

Latest round Series BCountry IndiaSector Consumer

Rounds 2

$40MSeries B, 1 April 2026

Funds expansion of its offline store network across India and omnichannel presence.

Amount: $40M
Stage: Series B
Announced: 1 April 2026
Lead: Xponentia Capital
Other investors: Vertex Growth Fund, Vertex Ventures SE Asia & India
Use of funds: Funds expansion of its offline store network across India and omnichannel presence.
Checked: Amount and date checked against the press source
Source: Palmonas raises $40M Series B from Xponentia Capital, Vertex Growth Fund inc42.com

$6.3MSeries A, 22 August 2025

Funds an expanded 9kt gold range and about 100 new stores over 12 months.

Amount: $6.3M
Stage: Series A
Announced: 22 August 2025
Lead: Vertex Ventures SEA & India
Use of funds: Funds an expanded 9kt gold range and about 100 new stores over 12 months.
Checked: Announced by the company
Sources: Palmonas raises USD 6.2M vertexventures.sg
Palmonas raises USD 6.2M inc42.com

Company

Direct-to-consumer demi-fine jewellery brand selling online and in stores

Based in: Pune, India
Sector: Consumer
Website: palmonas.com ↗

Questions

How much has Palmonas raised?

Palmonas has raised $46.3M across 2 rounds tracked by FundraiseBase. The latest is Series B of $40M, announced on 1 April 2026.

Who invested in Palmonas?

Xponentia Capital and Vertex Ventures SEA & India led. Investors include Xponentia Capital, Vertex Growth Fund, Vertex Ventures SE Asia & India and Vertex Ventures SEA & India.