Mumbai-headquartered conscious luxury resortwear and swimwear brand Verandah has raised $1.1 million in a seed round from Mike Novogratz, CEO of Galaxy Investment Partners, Neeraj Arora, former CBO of WhatsAppWhatsApp, Lydia Jett, partner at SoftBank Vision Fund, PDS Venture and other investors.
The brand will utilise the capital to grow its presence in US and international markets, apart from scaling and adding product extensions.