Technology Science

Aretto, kids footwear brand raises Rs 4.5 crore in funding round – Times of India

Aretto, the kids footwear brand announced successful completion of its seed funding round. The company secured $550K from a clutch of angel investors and advisors, which included renowned cricketer Hardik Pandya; Abhineet Singh(Co-founder of VegNonVeg and Founder Brewhouse), Shyam Raichura (MD of Aan Group), Raunak Munot (Ex-CMO of Bombay Shaving Company), investment banking firm Veromint Advisors, Vinayak Shrivastav (Co-founder Videoverse), and Kunal Sumaya (MD Julius Bear).
Aretto offer technologically designed shoes that adapt to the shape and size of kids’ feet as they grow. The company mentioned that it will strategically channel and utilise the funds to expand its market presence, drive team expansion, and increase research and development efforts to introduce newer product ranges.
Satyait Mittal, CEO Aretto commented, “We are immensely grateful for the support and trust shown by our investors at this crucial stage of Aretto’s journey. Each investor is a mentor in their own capacity and a well-wisher of the brand, sharing our larger vision and belief in the team’s determination and grit. This seed funding is not only a testament to our investors’ confidence in our innovative kids’ technology, but it also reiterates our commitment to revolutionizing the industry.”

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