National News
Candere expands retail footprint in Maharashtra with three new stores
Brand strengthens presence in Kandivali, Nashik and Kolhapur, reinforcing its omni-channel growth strategy
Candere, the lifestyle jewellery brand by Kalyan Jewellers known for its modern and trend-led designs, has expanded its retail presence in Maharashtra with the launch of three new stores in Kandivali, Nashik, and Kolhapur. These new additions further reinforce the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers.
The newly launched stores mark Candere’s expanding footprint across Maharashtra, bringing its curated jewellery experience to key markets across the state. With these launches, Candere has strengthened its retail presence in Maharashtra, catering to both metropolitan and emerging urban centres. The three stores are thoughtfully designed to offer a seamless blend of digital-first convenience and personalized in-store service, ensuring every visit reflects Candere’s commitment to elegance, innovation, and exceptional shopping experiences.
Known for its lightweight, versatile, and trend-forward jewellery, Candere appeals to Gen Z, working professionals, and style-conscious individuals looking for contemporary designs at accessible price points starting from Rs.10,000. Each piece reflects the brand’s core ethos to help customers express their individuality through meaningful jewellery that fits effortlessly into their lifestyle.
To mark the launch of its new store, Candere is offering special promotions Get up to 35,000 off per carat* + Rs. 850 off per Gram on making charges.
With the launch of its new stores in Kandivali, Nashik, and Kolhapur, Candere continues to blend digital convenience with physical experience, staying true to its ethos of being an omni-channel lifestyle jewellery brand with a growing retail presence. Backed by the heritage and trust of Kalyan Jewellers, Candere continues to redefine the jewellery-buying journey, making it smarter, seamless, and more experiential.
National News
Palmonas Raises $40 Million in Series B, Accelerates Omni-Channel Expansion
Shraddha Kapoor-Backed Demi-Fine Jewellery Brand to Scale Offline Retail and Strengthen Market Presence
Palmonas, the Shraddha Kapoor-backed demi-fine jewellery startup, has raised $40 million (approx. Rs. 373 crore) in a Series B funding round, led by Xponentia Capital and Vertex Growth Fund, with participation from existing investor Vertex Venture

The fresh capital will be utilised to expand its offline retail footprint, building on its growing omnichannel presence across online platforms and physical stores.
Founded in 2022 by Pallavi Mohadikar and Amol Patwari, with Shraddha Kapoor joining as co-founder, Palmonas operates in the demi-fine jewellery segment, offering affordable yet premium designs crafted from sterling silver and stainless steel with gold plating. The brand targets the space between fashion and fine jewellery, catering to a young, aspirational audience.


The company has seen rapid growth, with its operating revenue surging over 40X to Rs. 39 crore in FY25, up from Rs. 97 lakh in FY24. Notably, Palmonas also turned profitable, reporting a profit of Rs. 4.3 crore during the same period.
The brand had earlier raised Rs. 55 crore from Vertex Ventures and gained visibility through Shark Tank India Season 4, securing Rs. 1.26 crore funding from Namita Thapar and Ritesh Agarwal, at a Rs. 126 crore valuation.
Operating in a competitive space, Palmonas goes head-to-head with players such as GIVA, BlueStone, and Limelight Lab Grown Diamonds, as it continues to strengthen its position in India’s fast-growing demi-fine jewellery market.
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