The sharks were captivated by Palmonas’ vision and the passion of its founders. However, they didn’t shy away from asking tough questions. Kunal Bahl raised concerns about the durability of Palmonas’ gold plating, a crucial factor for customers. Prepared for the challenge, Pallavi and Dr. Amol confidently addressed his concerns, highlighting their commitment to quality and innovation.
The stakes were high as the founders asked for ₹1.26 crore for 1% equity. The sharks engaged in an intense discussion, weighing the brand’s growth potential. Meanwhile, the founders presented customized jewellery pieces to the sharks, showcasing the craftsmanship and uniqueness of their brand.
When Namita Thapar inquired about Shraddha Kapoor’s stake in the company, Pallavi confirmed that the actress holds 26% equity in Palmonas. The founders also shared insights into their entrepreneurial journey, revealing that they had previously launched a successful saree brand, Karagiri, which was later acquired by an accelerator.
Expressing her excitement about the brand’s journey, Actor and Co-founder of PALMONAS Shraddha Kapoor said, “Jewellery should be like your second skin—something you don’t have to overthink.. With the support of Shark Tank India platform, we are set to redefine the way India wears jewelry.”
Namita Thapar and Ritesh Agarwal invested in the brand, further validating its potential. Co-founder Amol Patwari expressed his gratitude, stating, “Securing this funding on Shark Tank India Season 4 from Namita Thapar and Ritesh Agarwal is a testament to the immense potential of PALMONAS. Pallavi and I have worked relentlessly to build a brand that resonates with consumers, and this investment will allow us to push boundaries further. With Shraddha Kapoor now as a Co-founder, we are poised to accelerate our growth and make premium jewelry accessible to a wider audience. The trust in our vision reinforces our commitment to bringing high-quality, stylish, and affordable demi-fine jewelry to every household.”
Founder Pallavi Mohadikar added, “Shark Tank India Season 4 wasn’t just about raising funds—it was about showing India what demi-fine jewellery is and why it matters. Having Shraddha Kapoor on board gives us an incredible advantage in connecting with a wider audience. Additionally, Namita and Ritesh’s mentorship and expertise add to our strength. We are ready to take PALMONAS to the next level and redefine the demi-fine jewelry industry in India.”
With this exciting investment and a strong vision, Palmonas is set to shine even brighter in the jewellery industry.
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