{"id":8234,"date":"2024-04-19T06:10:29","date_gmt":"2024-04-19T06:10:29","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=8234"},"modified":"2024-04-19T06:10:43","modified_gmt":"2024-04-19T06:10:43","slug":"palmonas-the-jewellery-business-supported-by-shraddha-kapoor-is-set-to-raise-approximately-3-million","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/04\/19\/palmonas-the-jewellery-business-supported-by-shraddha-kapoor-is-set-to-raise-approximately-3-million\/","title":{"rendered":"Palmonas, the jewellery business supported by Shraddha Kapoor, is set to raise approximately $3 million."},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"740\" height=\"495\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/04\/IMG-2-7.jpeg\" alt=\"\" class=\"wp-image-8236\" style=\"border-width:3px;border-radius:5px;width:608px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/04\/IMG-2-7.jpeg 740w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/04\/IMG-2-7-300x201.jpeg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/04\/IMG-2-7-200x134.jpeg 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/04\/IMG-2-7-600x401.jpeg 600w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.palmonas.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palmonas<\/a>, a jewellery firm sponsored by <a href=\"https:\/\/en.wikipedia.org\/wiki\/Shraddha_Kapoor\" target=\"_blank\" rel=\"noreferrer noopener\">Shraddha Kapoor<\/a>, plans to raise approximately $3 million. &#8220;To date, we have operated entirely on our own resources. &#8220;We are currently in the process of closing our pre-series A round for approximately $3 million,&#8221; said <a href=\"https:\/\/www.linkedin.com\/in\/pallavi-mohadikar-880b5521\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Pallavi Mohadikar<\/a>, the company&#8217;s co-founder.<\/p>\n\n\n\n<p>The company intends to use approximately 40% of the funding for marketing, followed by increased inventory and team expansion.<\/p>\n\n\n\n<p>The Pune-based firm sells jewelry that falls between fine and imitation categories. Its items range in price from Rs 900 to Rs 8,000.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/in\/pallavi-mohadikar-880b5521\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Mohadikar<\/a> and her husband, <a href=\"https:\/\/www.linkedin.com\/in\/dr-amol-patwari-04b37b46\/?trk=org-employees&amp;original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&amp;originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Dr Amol Patwari<\/a>, founded the business in 2022. Previously, the couple founded an online saree brand called <a href=\"https:\/\/www.karagiri.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Karagiri<\/a>, which was acquired by brand aggregator Mensa Brands in August 2021.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.palmonas.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palmonas<\/a> signed <a href=\"https:\/\/en.wikipedia.org\/wiki\/Shraddha_Kapoor\" target=\"_blank\" rel=\"noreferrer noopener\">Kapoor<\/a> as a co-founder in an equity arrangement in early March of this year. &#8220;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Shraddha_Kapoor\" target=\"_blank\" rel=\"noreferrer noopener\">Shraddha<\/a> is a co-founder and partner who will be actively involved in the development of <a href=\"https:\/\/www.palmonas.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Palmonas<\/a>.&#8221; She will serve as the brand&#8217;s spokesperson. We have achieved product market fit, and now the goal is to multiply that with <a href=\"https:\/\/en.wikipedia.org\/wiki\/Shraddha_Kapoor\" target=\"_blank\" rel=\"noreferrer noopener\">Shraddha<\/a>,&#8221; <a href=\"https:\/\/www.linkedin.com\/in\/pallavi-mohadikar-880b5521\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Mohadikar<\/a> said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palmonas, a jewellery firm sponsored by Shraddha Kapoor, plans to raise approximately $3 million. &#8220;To date, we have operated entirely on our own resources. &#8220;We are currently in the process of closing our pre-series A round for approximately $3 million,&#8221; said Pallavi Mohadikar, the company&#8217;s co-founder. The company intends to use approximately 40% of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Palmonas, the jewellery business supported by Shraddha Kapoor, is set to raise approximately $3 million. - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/04\/19\/palmonas-the-jewellery-business-supported-by-shraddha-kapoor-is-set-to-raise-approximately-3-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palmonas, the jewellery business supported by Shraddha Kapoor, is set to raise approximately $3 million. - JNI\" \/>\n<meta property=\"og:description\" content=\"Palmonas, a jewellery firm sponsored by Shraddha Kapoor, plans to raise approximately $3 million. &#8220;To date, we have operated entirely on our own resources. &#8220;We are currently in the process of closing our pre-series A round for approximately $3 million,&#8221; said Pallavi Mohadikar, the company&#8217;s co-founder. 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"Palmonas, a jewellery firm sponsored by Shraddha Kapoor, plans to raise approximately $3 million. &#8220;To date, we have operated entirely on our own resources. &#8220;We are currently in the process of closing our pre-series A round for approximately $3 million,&#8221; said Pallavi Mohadikar, the company&#8217;s co-founder. 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