1/4/2026, 3:09:02 pm

Xponentia Capital, Vertex Growth lead Palmonas' Series B funding

Palmonas raised $40 million in Series B funding led by Xponentia Capital and Vertex Growth Fund, with participation from Vertex Ventures. Co-founded by Shraddha Kapoor, the company’s revenue jumped to ₹39 crore in FY25 from ₹1 crore, while it reported a ₹4.3 crore net profit after a loss in the previous year, reflecting strong growth momentum.