22 August 2023, Mumbai
Children's Footwear Brand Secures Funding from Prominent Investors
Aretto, the brand specializing in children's footwear, has officially concluded a successful seed funding round.
Nuances
The company has secured a total of $550K from a group of angel investors and advisors.
Notably, the investors include the prominent cricketer Hardik Pandya, Abhineet Singh (Co-founder of VegNonVeg and Founder of Brewhouse), ShyamRaichura (Managing Director of Aan Group), RaunakMunot (Former Chief Marketing Officer of Bombay Shaving Company), the investment banking firm Veromint Advisors, Vinayak Shrivastav (Co-founder of Videoverse), and Kunal Sumaya (Managing Director of Julius Bear).
Progression
Aretto specializes in offering technologically advanced shoes that dynamically adjust to the changing shape and size of children's feet as they grow.
The company has expressed its intention to strategically allocate and employ the raised funds in order to expand its presence in the market, facilitate the growth of its team, and enhance research and development endeavors aimed at introducing new and diverse product lines.
