Welcome to the blog about “Aretto Company Profile” We’ll kick things off by diving into the heart of the company, exploring its origins and getting to know the visionary founder behind it all. Once we’ve set the stage, we’ll delve into the financial facets that drive Aretto success.
From its impressive net worth and funding milestones to its revenue streams, turnover, and valuation, we’ll leave no stone unturned.
And just when you think you’ve seen it all, we’ll take you behind the scenes of Aretto thrilling appearance on Shark Tank, uncovering the drama and excitement of that pivotal event. Get ready for an engaging journey through the rise of Aretto.
Aretto shoes company Details:-Introduction in Aretto Company Profile:
Table of Contents
- 1 Aretto shoes company Details:-Introduction in Aretto Company Profile:
- 2 Aretto Owner:
- 3 Aretto Net Worth:
- 4 Aretto Funding:
- 5 Aretto Investors In India:
- 6 List Of Investors Who Invested In Aretto:
- 7 Aretto Revenue:
- 8 Aretto Founder Net Worth:
- 9 Aretto Valuation:
- 10 Aretto Turnover:
- 11 Aretto In Shark Tank India Season 3:
- 12 FAQ question:
Founded in 2019, Aretto is a footwear company that crafts children’s shoes with a unique twist—they grow along with your child’s feet, ensuring a perfect fit and comfort throughout their growth.
Built on barefoot technology with a sole thickness of just 4 mm, these shoes allow children to feel the ground beneath them, stimulating nerve endings and supporting cognitive and sensory development.
Now that we’ve covered the introduction of Aretto now it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by digging deep in Aretto Company Profile.
Aretto Owner:
Satyajit Mittal and Krutika Lal, the co-founders and owners of Aretto shoes, have been steering the company to new heights since its inception. Under their guidance, Aretto has flourished, with its operations currently based in Pune, India.
Before founding Aretto, co-founders Satyajit Mittal and Krutika Lal accumulated a decade of valuable experience in the F&B sector and other industries while working with a reputable company.
Now, let’s move on to the next section in the “Aretto Profile overview.” In this part, we will taking about the net worth of the company.
Aretto Net Worth:
According to a recent news article published on March 28, 2024, Aretto Shoes has a total net worth of Rs 64 Crore (approximately $7.62 million). This increase in net worth came after a seed round led by cricketer Hardik Pandya, along with other investors.
| Shareholders Name | Post Round Holding % | Net Worth | Cumulative Investment |
|---|---|---|---|
| Founder | |||
| Satyajit Mittal | 33.78% | 21.6 Cr | |
| Krutika Lal | |||
| Fund | 0.63% | 40L | |
| Enterprise | 2.57% | 1.65 Cr | |
| Angel | 8.54% | 5.46 Cr | |
| Sandeep Kumar Chawda | |||
| Abhineet Singh | |||
| Other People | 37.02% | 23.7 Cr | |
| ESOP Pool | 11.19% | 7.16 Cr | |
| Other Investors | 6.28% | 4.02 Cr | |
| Total | 100.00% | 64 Cr |
Let’s take a closer look at Aretto’s financials to uncover the key factors driving its growth and examine other critical financial metrics. We’ll explore these aspects in detail, one by one.
Aretto Funding:
Till now the company has raised three round of funding the details of the funding round along with the amount is provided in the table below
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Mar 28, 2024 | $300K | Seed | Asg Global, Sandeep Kumar Chawda, and 3 more |
| Apr 17, 2023 | $702K | Seed | Veromint, Abhineet Singh, and 19 more |
| Aug 01, 2022 | $284K | Seed | Shyam Raichura, Vutts & Associates, and 14 more |
Key-points to gather from overview of Aretto’s funding history:
- Mar 28, 2024: Aretto secured $300K in a seed funding round from investors including Asg Global and Sandeep Kumar Chawda, among others.
- Apr 17, 2023: The company raised $702K in a seed round with Veromint, Abhineet Singh, and 19 other investors contributing.
- Aug 01, 2022: Aretto received $284K in another seed round, with contributions from Shyam Raichura, Vutts & Associates, and 14 additional investors.
This funding has been instrumental in propelling Aretto’s growth and development throughout its journey.
Recently, a new news update revealed that the company has successfully raised another seed round of $ 5,50,000 Dollars which was led by, led by cricketer Hardik Pandya, along with contributions from other notable investors.
Aretto Investors In India:
Abhineet Singh, Hardik Pandya, Kunal Sumaya, Raunak Munot, Shyam Raichura, and two other investors have collectively invested $ 550,000 in Aretto. This significant funding has played a crucial role in supporting Aretto’s journey and growth.
List Of Investors Who Invested In Aretto:
- Abhineet Singh, co-founder of VegNonVeg
- Shyam Raichura, managing director of Aan Group
- Raunak Munot, former chief marketing officer of Bombay Shaving Company
- Vinayak Shrivastav, co-founder of VideoVerse
- Kunal Sumaya, managing director of Julius Baer
- Investment banking firm Vermont Advisors
Regarding the Shark Tank investment, it’s worth noting that Aretto did not secure any funding from the show even though the company was displayed pitch perfect.
Now moving on to our next part in “Aretto Company Profile ” where we will be talking about the total revenue the company has earned till now.
Aretto Revenue:
For the financial year 2022-2023, Aretto generated a total revenue of $1,573,000 (approximately Rs 13.19 Crore).
Since then, the company has experienced remarkable growth, with revenue increasing by 70-80% or more each year. This impressive growth is particularly notable given the competitive nature of the shoe market.
Now lets move on to the next part of the blog about “Aretto Company Profile ” where we will be talking about the net worth of Aretto founder. So lets start the topic.
Aretto Founder Net Worth:
As of February 2023, the founder’s net worth was estimated at Rs 21.6 crore, with a 33.78% ownership stake in the company. Since then, the company’s financial landscape has evolved significantly.
In 2024, Aretto raised an additional $550,000 in a new seed round of investment. This infusion of capital from both new and existing investors marks a notable development in the company’s growth journey and definitely changing the holding of each investors in the company.
Based on the current scenario, the company is planning for expansion, which is expected to contribute to an increase in the founder’s net worth by the end of the financial year 2024.
Moving on to the next topic in Aretto Company Profile whe5re we will be talking about the valuation of the company.
Aretto Valuation:
In their latest appearance on Shark Tank India Season 3, the founder sought a valuation of Rs 80 Crore but did not secure an investment from the sharks. Since that pitch, neither the company nor the founder has disclosed the current valuation.
Nevertheless, based on recent developments and growth projections, it is estimated that the company’s valuation is likely to be between Rs 100 and 110 Crore by the end of the financial year 2024.
Now lets move on to the next topic in Aretto company Profile overview where we will be talking about the turnover of the company.
Aretto Turnover:
Turnover of the company plays a huge role in determining the growth of the company and according to the recent news article published in 2024 tthe company is able to generate a yearly turnover of Rs 10-15 Crore .
And based on the growth of the company it is estimated to go up by the end of financial year 2024-2025.
Now moving on to the next part of our blog about “Aretto Company Profile” where we will be talking about the all the events that occurred in shark tank season 3.
Aretto In Shark Tank India Season 3:
The founder of the company stepped onto the platform with a bold request: ₹80 lakhs in exchange for 1% equity in his venture. His pitch centered around a truly innovative product—shoes that could automatically adjust their size to fit the wearer’s feet perfectly.
The concept intrigued the sharks, capturing their attention with its potential to revolutionize the footwear industry. However, despite their interest in the product itself, the sharks ultimately chose not to invest.
The decision boiled down to a single, crucial factor: while they were impressed by the idea and the business potential, they were put off by the founder’s personality, which overshadowed his compelling innovation.
Do Aretto Receive funding in Shark Tank in India ?
No the company has not received any funding from Shark Tank India Season 3 which was shocking as because the company was having great sales.
Let’s finish the blog about ” Aretto Company Profile “with the most asked F question related to the topic.
FAQ question:
When was Aretto founded?
Aretto shoes company was founded and established in year 2019.
Where is Aretto located?
Aretto headquarters is located in Pune, India.
Do Aretto Receive funding in Shark Tank in India ?
No, the company has not received funding in shark tank India season 3.
Is Aretto a funded company?
Yes, Aretto is a funded company and its first funding round was on Aug 01, 2022.
If you’re interested in learning more about Aretto as a brand, I encourage you to visit their website. There, you’ll find detailed information about their products and, most importantly, the innovative technology behind their size-increasing shoes.
It’s a great resource for gaining a deeper understanding of what makes Aretto unique in the footwear industry.
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