Kids footwear brand Aretto raises $550-K

Pune-based kids footwear brand Aretto has raised USD 550,000 from a clutch of angel investors and advisors, including cricketer Hardik Pandya; Abhineet Singh (Co-founder of VegNonVeg), Shyam Raichura (MD, Aan Group), Raunak Munot (Ex-CMO, Bombay Shaving Company), investment banking firm Veromint Advisors, Vinayak Shrivastav (Co-founder, Videoverse), and Kunal Sumaya (MD, Julius Bear). Aretto offers shoes that adapt to the shape and size of kids' feet as they grow. The company will use the funds to expand market presence, drive team expansion, and increase research and development efforts to introduce newer products.