Kids Footwear Startup Aretto Secures $550,000 From Hardik Pandya And Angel Investors Founded in 2019 by Krutika Lal and Satyajit Mittal, Aretto claims to make sustainable shoes for children that grow in size as their feet grow

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Kids footwear startup Aretto on Friday announced raising $550,000 in a Seed funding round from cricketer Hardik Pandya and other angel investors. These included Abhineet Singh (Co-founder of multi-brand sneaker company VegNonVeg), Shyam Raichura (MD of Aan Group), Raunak Munot (Ex-CMO of Bombay Shaving Company), investment banking firm Vermont Advisors, Vinayak Shrivastav (co-founder Videoverse), and Kunal Sumaya (MD of Julius Bear).

As per an official statement, the company will strategically channel and utilize the funds to expand its market presence, drive team expansion, and increase research and development efforts to introduce new product ranges.

"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.

The statement further said, 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.

"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.

Founded in 2019 by Krutika Lal and Satyajit Mittal, Aretto claims to make sustainable shoes for children that grow in size as their feet grow.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

The U.S. Mint Announced It Will Stop Making Pennies. Here's How It Will Affect Businesses and Consumers.

Can you still pay with pennies? How will businesses make exact change? Here's what we know.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Vivek Oberoi Acquires 21% Stake in Rutland Square Spirits

"India's rich tea heritage will now meet Scotland's time-honoured spirits tradition," said Oberoi. "This project is an exciting bridge between two economies and cultures."

Marketing

How to Get Your First 1,000 Email Subscribers (The Smart Way)

Here's a step-by-step system for startup founders to build their first 1,000 engaged email subscribers — without guesswork or gimmicks.

Business News

Walmart Is Laying Off 1,500 Corporate Employees: 'Reshaping Our Structure'

The layoffs affect Walmart's global technology, advertising, and e-commerce teams.