National News
Shraddha Kapoor–Backed Palmonas in Talks to Raise ₹200–250 Crore From Xponentia Capital
The proposed round may value the demi-fine jewellery brand at Rs.1,600–1,800 crore, tripling its valuation from earlier this year amid rising investor interest in affordable luxury and lab-grown diamond segments.
Palmonas, the demi-fine jewellery brand co-founded by Shraddha Kapoor, is in advanced discussions to raise Rs.200–250 crore from mid-market private equity firm Xponentia Capital, according to people familiar with the talks. The new round is expected to value the Pune-based startup at Rs.600–1,800 crore, over three times its previous valuation.
Earlier this year, Palmonas secured Rs.55 crore from Vertex Ventures at a valuation of Rs.500–550 crore. The company is currently tracking an annualised revenue run rate of Rs.300 crore, reflecting strong consumer demand in the fashion and lab-grown diamond jewellery categories.
Industry investors note that smaller jewellery brands are actively raising capital to expand inventory and strengthen offerings ahead of the high-demand Valentine’s Day season.
Founded in 2022 by Amol Patwari and Pallavi Mohadikar, with actress Shraddha Kapoor joining later as co-founder, Palmonas focuses on demi-fine jewellery crafted from surgical stainless steel, sterling silver, and 18K gold vermeil. Its collections include necklaces, rings, earrings, bracelets, and mangalsutras.
In its previous fundraise, Palmonas announced plans to expand its product lines and open 100 new stores within 12 months. Both the brand’s CEO and Xponentia declined to comment on the ongoing discussions.
The potential investment underscores the growing investor appetite in India’s fast-evolving jewellery market, especially within accessible luxury and lab-grown segments.
National News
The Ultimate Guide To Festive Jewellery From Candere By Kalyan Jewellers
Lightweight, Versatile Jewellery Takes Centre Stage For The Festive Season
The festive season begins to take centre stage in September, bringing with it celebrations, family gatherings and cherished traditions. From festive pujas and intimate get-togethers to family lunches and celebratory evenings, the month is filled with occasions to dress up and add a touch of sparkle to every look. As festive dressing continues to evolve, lightweight and versatile jewellery offers an effortless way to elevate traditional ensembles while keeping the overall look comfortable, contemporary and easy to wear.
This season, look beyond elaborate jewellery and embrace pieces that blend elegance, colour and contemporary design. From vibrant gemstones and intricate motifs to delicate diamonds and timeless pearls, Candere by Kalyan presents a curated selection of jewellery designed to complement every festive occasion and transition effortlessly from one celebration to the next.
Here’s a curated edit:
Superior Diamond And Gemstone V Ring
The Superior Diamond and Gemstone V Ring brings together the brilliance of diamonds and the vibrancy of colourful gemstones in an elegant V-shaped silhouette. Its refined design strikes the perfect balance between classic detailing and contemporary appeal, making it an effortless choice for the festive season.
Style it with a saree, kurta set or anarkali for a festive puja, family gathering or celebratory lunch. Wear it solo for a touch of understated elegance, or stack it with delicate rings to create a refined, layered look.
Mayuri Mehndi Peacock Diamond And Gemstone Oval Bracelet
The Mayuri Mehndi Peacock Diamond and Gemstone Oval Bracelet beautifully brings together intricate mehndi-inspired detailing, a graceful peacock motif, sparkling diamonds and vibrant gemstones. Rich in colour and craftsmanship, its distinctive design adds an elegant touch of festive charm to traditional ensembles.
Style it with a saree or kurta set for a festive gathering, family celebration or special occasion. Wear it on its own to let the intricate detailing take centre stage, or pair it with delicate bracelets for a refined, layered look.
Spoked Chariot Pearl Diamond And Gemstone Collar Necklace
The Spoked Chariot Pearl Diamond and Gemstone Collar Necklace brings together elegant pearls, sparkling diamonds and vibrant gemstones in a distinctive collar silhouette. Its contemporary design adds a sophisticated touch to festive dressing while retaining the timeless appeal of pearls.
Let the necklace take centre stage by styling it with an elegant ethnic ensemble. Its distinctive collar silhouette pairs beautifully with understated festive looks, adding a refined touch of sparkle and colour. Complete the look with minimal earrings and accessories for a sophisticated finish.
Elegant and contemporary, the Demi Diamond Dangle Earrings feature a graceful silhouette accented with sparkling diamonds. Their delicate design adds movement and brilliance, making them a versatile choice for festive occasions without overpowering the overall look.
Style them as a subtle statement with an elegant festive look, allowing the delicate dangles and diamond sparkle to frame the face beautifully
Waverly Diamond And Gemstone Oval Bracelet
The Waverly Diamond and Gemstone Oval Bracelet beautifully combines sparkling diamonds and colourful gemstones in a classic oval silhouette. Its elegant design offers a refined balance of colour and brilliance, making it an effortless choice for festive occasions.
Its versatile design effortlessly complements both traditional ensembles and contemporary festive looks, making it an elegant addition to any occasion wardrobe.
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