Demi-fine Fashion Private Limited, dba Palmonas, has raised $40 million from a Series B fundraise, led by Xponentia Capital and Vertex Growth Fund.
ThinkLaw advocates advised lead investor Xponentia Capital on this fundraise. The Firm provided comprehensive counsel, conducted legal due diligence on Palmonas, undertook drafting, review, negotiation, and execution of the transaction documents, and assisted in closing related matters.
The transaction team was led by Ankita Kashyap (Partner), with support from by Vivek Narang (Principal Associate), Siddhant Bhargava (Senior Associate), Awdhesh Pandey (Senior Associate), Associates Tanya Khandelwal, Adith Thottingal and Simran Lakra.
CMS INDUSLAW advised existing investor Vertex Ventures on this fundraise.
Kartik Ganapathy (Founding & Senior Partner) provided strategic inputs on the transaction.
The transaction team consisted of Rashi Bharadwaj (Partner), Winnie Shekhar (Partner), and Associates Ayushi Gupta and Arnab Chakraborty.
The Corporate Secretarial team comprised of Ruhi Jain (Executive Director), Praveen Hegde (Manager), Adarsh Joshi (Senior Executive), and Fhareen Abdul Aziz Khan.
Palmonas is a brand known for its demi-fine jewellery pieces designed for everyday use.
The capital will support Palmonas in scaling operations, strengthening its brand presence, and expanding its product offerings.
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