Startup Raises $550K In Seed Funding Round
Aretto is implementing a robust growth strategy to expand its market presence
PUNE, Aug 18 (The CONNECT) – Kids footwear brand Aretto has announced the successful completion of its seed funding round as it secured $550K from a clutch of angel investors and advisors.
These include 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 utilize 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 , said, “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.”
Aretto is implementing a robust growth strategy to expand its market presence. The company plans to open its first retail store in Pune, offering an immersive shopping experience for families. In addition to Pune, the brand has ambitious plans to establish stores and partner with multi-brand outlets in key metropolitan cities, catering to a wider customer base in India.
Raunak Munot, ex-CMO of Bombay Shaving Company commented, ‘It’s rare to come across a company that has a truly innovative product, in a big addressable market, that has the potential to redefine a category, globally. The fact that Aretto’s products are designed and made in India instills a sense of pride in me. Clubbing that with the team’s passion and execution agility further amplifies my trust in the brand’s vision. As someone who has recently embraced fatherhood, I believe Aretto’s approach seamlessly matches the demands of modern parenting.’
With this funding, Aretto is enthusiastic about welcoming new talents into its passionate and dynamic team. The company seeks individuals who are driven, creative, and share the vision of nurturing kids’ growth.
Aretto, the brainchild of Satyajit Mittal and Krutika Lal, was founded in 2020 to address a void in the kids’ footwear market. It has since become a go-to kids-focused footwear brand known for its commitment to technology, superior quality, and ultimate comfort. Aretto’s expert design and category understanding, driven by innovation, a consumer-centric approach, and supply chain control, have resulted in the brand being granted a patent for its groundbreaking sole technology, making it one of the first brands in India to achieve this feat.
Aretto emrged as the Overall Winner in the Kids category of the prestigious Global Footwear Awards 2022, cementing its position as a leader in the industry.
