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Shraddha Kapoor’s Jewellery Brand Palmonas Closed The Deal at Shark Tank
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    Shraddha Kapoor’s Jewellery Brand Palmonas Closed The Deal at Shark Tank

    28 February 2025


    • The business world is witnessing a powerful fusion of Bollywood and entrepreneurship, as actress Shraddha Kapoor takes on a new role from a customer to Co-founder of Palmonas, India’s first demi-fine jewellery brand.
    • Founded in 2022 by Dr. Amol Patwari & Pallavi Mahadikar, Palmonas has already served 1L+ customers, operates 3 offline stores in Pune, and plans to scale to 100+ stores next year!


    The Shark Tank India Pitch:


    Original Ask: ₹1.26 Cr for 1% equity (@ ₹126 Cr valuation)

    Sales for FY 25 (till Nov): ₹13.5 Cr

    EBITDA for FY 25 (till Nov): 12%

    Angel Round in Oct: ₹6 Cr at ₹126 Cr valuation

    Final Deal: ₹1.26 Cr for 1% + 0.5% royalty until ₹1.26 Cr is recouped by Namita & Ritesh.


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