Palmonas' offline push; IndiaAI's GPU crunch
Demi-fine jewellery brand Palmonas plans to expand its offline presence, aiming for 160 stores by fiscal year-end, cofounder Pallavi Mohadikar said. The brand reported a revenue surge to ₹230 crore in FY26, with a 46% repeat purchase rate in physical stores. Meanwhile, the IndiaAI Mission faces GPU supply constraints, disrupting its procurement plans since its launch in March 2024.