PALMONAS Secures ₹1.26 Crore Investment from Shark Tank Investors

Bollywood actress Shraddha Kapoor has joined PALMONAS, a demi-fine jewelry brand, as a Co-founder following the brand's successful funding of ₹1.26 crore for a 1% equity stake from Shark Tank India investors Namita Thapar and Ritesh Agarwal. This investment, prompted by the brand's compelling pitch during Season 4 of Shark Tank India, reflects strong confidence in PALMONAS' potential to innovate in the jewelry market. The funding will support the brand's expansion plans, including the opening of exclusive retail stores in major cities and targeting international markets such as the US, Middle East, and Southeast Asia. Furthermore, part of the investment will be allocated to developing AI-driven personalization technology to enhance customer experience. Kapoor emphasized that PALMONAS aims to make luxury jewelry affordable and accessible, while the founders expressed optimism about the brand's growth trajectory. With this backing, PALMONAS is poised to redefine the demi-fine jewelry industry in India and beyond.