The kid’s footwear brand Aretto announced the successful completion of its seed funding round. The company raised $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 offers technologically designed shoes that adapt to the size and shape of the kid’s feet as they grow. The company stated it would strategically channel and use the funds to increase team size, research and development efforts, and introduce new product lines.
Satyajit 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.”
