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GJEPC and India Post Collaborate to Host Export Awareness Seminar in Delhi

Industry Experts Discuss Exporting Gems and Jewellery via India Post to Boost E-Commerce and Market Reach

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The Gem and Jewellery Export Promotion Council (GJEPC) and India Post Delhi Circle jointly organised an export awareness seminar to promote the use of India Post for exporting gems and jewellery. The seminar, held at Meghdoot Bhawan near Jhandewalan Metro Station, attracted 65 industry members eager to explore postal services as an efficient export solution.

Key figures from the industry, including Mr. Ajay Singh Chauhan, PMG (Mails & BD), Mr. Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, and Mr. Vickey Kumar, DPS (M&BD), graced the event along with other notable dignitaries.

During his welcome address, Mr. Chauhan assured participants of India Post’s commitment to providing comprehensive support and guidance for export operations. Mr. Sawhney emphasised the growing importance of e-commerce in the gems and jewellery sector, encouraging exporters to leverage digital platforms to reduce costs, extend their market reach, and operate efficiently around the clock.

A key highlight of the seminar was Mr. Vickey Kumar’s presentation on Dak Niryat Kendras (DNKs), which focused on how India Post’s postal services provide a cost-effective alternative to private courier services for exporters. Mr. Dinesh Kumar Sehgal, ME, NDHO, also conducted a live session to demonstrate the operational processes of DNKs, offering valuable insights into its functioning.

Col. Akhilesh Kumar Pandey, CPMG of Delhi Circle, recognised the unique needs of jewellery exporters and pledged to create a tailored policy through further discussions. Mr. Sanjeev Bhatia, Regional Director – North, GJEPC, also outlined several initiatives by the Council, including the IIGJ-RLC and IIGJ Delhi, aimed at further supporting the industry’s growth.

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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

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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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