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Startup Atlas · D2C

Palmonas

Demifine Fashion Private Limited Pune, Maharashtra Founded 2022 palmonas.com ↗
Pallavi Mohadikar · CEO & Co-founder Amol Patwari · Co-founder Shraddha Kapoor · Co-founder
$46.45 MnTotal funding (tracked)
3Funding rounds
1 Apr 2026Last round
228Team size (sourced)

Palmonas: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Demifine® jewellery category

18k thick gold plating on premium metals, positioned between expensive real gold and short-lived imitation jewellery, so it is "trendy, lasting, and high on quality."

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Affordable luxury for fashion-conscious women

Brand born "out of a desire to offer affordable luxury to fashion-conscious women," aiming to make women "feel confident, stylish, and empowered without breaking the bank."

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Premium quality at accessible pricing

"It's premium in quality, thoughtful in design, and priced so it feels right" — designed to be worn every day, not locked away.

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Lifetime Warranty

Covers "tarnishing or discoloration of plating on eligible demi-fine Jewellery," plus repolishing services for Gold and Lab Grown Diamonds (LGD) products.

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Customer Segments

Fashion-conscious women

"DEMIFINE® FASHION PRIVATE LIMITED is the first Demifine® jewellery brand that was born out of a desire to offer affordable luxury to fashion-conscious women."

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Customer Relationships

Lifetime Warranty Policy

Covers tarnishing/discoloration of plating on demi-fine jewellery and includes repolishing services for Gold and Lab Grown Diamonds (LGD) products.

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Lifetime Buy-Back Policy

Customers can avail a lifetime buy-back with value credited to a Palmonas Wallet (50% within 6 months, 25% between 6-12 months, 15% after 12 months of purchase); paused for new Demi-fine purchases as of 10 June 2025 for prior customers already covered.

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Channels

D2C online store (palmonas.com)

Company operates as a direct-to-consumer jewellery brand selling online, and now ships "to over 200 countries."

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Physical retail stores60 stores

"With just 60 stores, a significant chunk of our revenue already comes from retail. Over the next 12 months we intend to scale this even more aggressively." — cofounder Shraddha Kapoor

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Key Activities

In-house product design

"We design all of our original and eye-catching products in-house at our Pune-based headquarters, PALMONAS."

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Retail store expansion

Series A capital used to "open 100 new stores in the next 12 months, double down on its best-selling categories, and create immersive brand experiences."

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Key Resources

In-house design studio (Pune)

"We design all of our original and eye-catching products in-house at our Pune-based headquarters, PALMONAS."

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Key Partnerships

No cited partnerships yet. Based on tracked funding/M&A data:

Vertex Growth Fund — Investor Xponentia Capital — Investor Vertex Ventures SEA & India — Investor Namita Thapar — Investor Ritesh Agarwal — Investor

Revenue Streams

Online D2C sales

Direct-to-consumer jewellery brand operating predominantly through direct online sales via palmonas.com.

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Retail store sales

"With just 60 stores, a significant chunk of our revenue already comes from retail." — cofounder Shraddha Kapoor

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9kt gold demi-fine collection

Series A capital earmarked to "strengthen its 9kt gold demi-fine collection" as a newer, higher-value product line.

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Cost Structure

No cited public information yet.

FAQs on Palmonas

What is Palmonas's business model?

Palmonas's core value proposition centers on Demifine® jewellery category, Affordable luxury for fashion-conscious women, Premium quality at accessible pricing, Lifetime Warranty.

How does Palmonas make money?

Palmonas's cited revenue streams include Online D2C sales, Retail store sales, 9kt gold demi-fine collection.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.vertexventures.sg inc42.com · Last verified 16 Jul 2026. · Report a correction