New Delhi, Aug. 26 -- Jewellery startup Palmonas, quick commerce platform Peeko, IIMA Ventures-incubated Produktiv.ai, and lifestyle brand Hexafun have secured funding in separate early-stage rounds, the companies said on Tuesday.
Palmonas
Jewellery brand Palmonas has raised Rs 55 crore ($6.3 million) in a Series A funding round led by Vertex Ventures to take demi-fine jewellery to international markets.
The company said the new funding will allow it to expand its 9kt gold demi-fine collection, open 100 new stores in the next 12 months, double down on its best-selling categories, and create immersive brand experiences.
Founded in 2022 by Shraddha Kapoor, Amol Patwari and Pallavi Mohadikar, Palmonas offers jewellery for everyday use. The startup claims to have fulfilled over 6.5 lakh orders.
Peeko
Peeko, a babycare-focused quick commerce platform, has secured $3.2 million in seed funding led by Stellaris Venture Partners as it expands curated supply across babycare categories and invests in cross-functional hiring.
The round also saw participation from angel investors including former OYO executive Maninder Gulati, Titan Capital co-founders Kunal Bahl and Rohit Bansal, Tracxn co-founder Abhishek Goyal, Uni Cards founder Nitin Gupta, and V3 Ventures co-founder Arjun Vaidya.
The startup said it plans to scale operations in Bengaluru with multiple dark store launches, initiate pilots in other metros, and develop a differentiated supply chain over the next 12-18 months. It is also partnering with both established and emerging babycare brands to strengthen its curated assortment. The company will launch its app on Google Play Store next month, while its website is live.
Peeko, founded in 2025 by Chetan Sharma, Vivek Khetan, and Abhijit Gairola, runs a platform that delivers babycare products to parents in under 60 minutes. The quick-commerce platform offers a curated assortment of products across apparel and accessories, toys and learning, baby gear, and consumables, with try-and-buy and instant returns option.
Produktiv.ai
Produktiv.ai has secured $230,000 in pre-seed funding from IIMA Ventures, following its launch by Studio, to begin early product development and customer engagement efforts.
Studio operates as a venture-building program within IIMA Ventures that builds startups with entrepreneurs by providing structured idea validation, deep domain expertise, and first institutional capital.
Founded by Ashwani Rawat and Amarsh Chaturvedi, Produktiv.ai offers enterprise data governance solutions for AI applications, retrieval-augmented generation (RAG), and AI agents. The platform empowers companies to manage, monitor, and secure critical data to accelerate AI adoption across industries.
Hexafun
Hexafun, a lifestyle accessories brand, has raised Rs 4.5 crore in seed funding from early-stage investor Prajay Advisors.
The company said it plans to use the fresh funds to expand its retail presence, strengthen marketing efforts, and launch new product lines.
Founded in 2021 by Harshit Singhal and Manali Sanghvi, Hexafun provides accessories such as handkerchiefs, socks, stoles, shoe bags, luggage covers, gift boxes and other things, which are made using sustainable materials.
Published by HT Digital Content Services with permission from VC Circle.