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- Aretto
Participated · Seed · Aug 2023
Aretto is a kids footwear brand offering technologically designed shoes that adapt to the size and shape of kids' feet as they grow. The company completed a seed funding round, raising $550K (Rs 4.5 crore) from a clutch of angel investors and advisors. Named investors include 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 said it will use the funds to increase team size, expand research and development efforts, and introduce new product lines. CEO Satyajit Mittal emphasized investor support and mentorship, saying the seed funding reaffirms confidence in the company's kids' technology and vision.