The cricketer Hardik Pandya, along with other angel investors, invested $550K in the seed investment round for the Aretto, children’s footwear firm. They included Vinayak Shrivastav, co-founder of Videoverse; Abhineet Singh, co-founder of multi-brand footwear company VegNonVeg; Shyam Raichura, MD of Aan Group; Raunak Munot, ex-CMO of Bombay Shaving Company; and Kunal Sumaya, MD of Julius Bear.
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The funds will be strategically managed and used by the company to enhance team size, enhance its efforts in research and development, and offer new product lines, as reported by Entrepreneur.com.
“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,” said Satyait Mittal, CEO, Aretto.
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The business intends to launch its first brick-and-mortar location in Pune, providing families with an engaging shopping experience. In order to serve a larger client base in India, the company has high plans to open stores and collaborate with multiple brands in other important metropolises in addition to Pune.
“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,” said Raunak Munot, ex-CMO, Bombay Shaving Company.
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About Aretto
The shoes from Aretto, which were founded by Satyajit Mittal and Krutika Lal, stretch pleasantly and snugly all over to support your child’s developing feet. The natural foot shape is preserved, safeguarded, and offered unrestricted comfort with 360° flexibility. Their footwear is designed for frequent, demanding use. They were created with children’s boundless reserves of energy in mind.
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