Aretto raises Rs 4.5 cr in funding round

Kids footwear brand Aretto has raised USD 550,000 (about Rs 4.5 crore) in a funding round led by cricketer Hardik Pandya, and investment banking firm Veromint Advisors.

Other investors in the round included Bombay Shaving Company ex-chief marketing officer Raunak Munot, VegNonVeg co-founder and founder of Brewhouse Abhineet Singh, Aan group managing Director (MD) Shyam Raichura, VideoVerse Co-Founder Vinayak Shrivastav and Julius Baer MD Kunal Sumaya.

The company -- founded in 2020 by Satyajit Mittal and Krutika Lal -- said it will use the funds to expand its market presence, team, research and development.