Aretto is a made-in-India kids-focused footwear brand that utilizes technology to provide the best quality shoes for kids. Their unique selling point is the ability of their shoes to change sizes as per the requirements for growing kids.
More About Aretto
Aretto has a patented design that allows parents to use the same shoes for their growing kids.
Here are some other insights about Aretto from Shark Tank India:
- Aretto shoes change sizes up to three sizes organically without any manual intervention.
- The shoes use a patented technology that allows them to increase their size over time.
- Aretto has already helped more than 20,000 parents across India.
Founder of Aretto
Satyajit Mittal is the founder of Aretto, the world’s first expanding shoes.
Aretto Shark Tank Pitch and Updates
Satyajit Mittal appeared on Shark Tank India season 3 and shared details about his footwear brand and how they are helping parents find the perfect shoes for their growing kids.
The founder started his pitch with the issues that people usually face as their kids grow rapidly at an early age. This requires frequent changes to their footwear and sometimes it becomes hard to find the right fit and comfort for them. To solve this problem, Aretto shoes come with nature-inspired technology which allows them to change sizes up to three different stages.
As per the founder, in the last 11 months, they have sold over 20,000 shoes from their website and various marketplaces. They also opened their first Exclusive Brand Outlet in Pune 4 months back which became very successful.
The founder demanded INR 80 lakhs for 1% equity at a valuation of INR 80 crores.
After the initial pitch, although the founders were impressed with the technology and his salesmanship they also got irritated because Satyajit was not answering to the point.
Here are some interactions with the Sharks:
- Vineeta Singh suggested the founder answer to the point and without deviating from the topic.
- Aman Gupta asked about the sizes of the shoes but the founder again started answering something else.
- Peyush Bansal told everyone that he already is a customer of Aretto but was not 100% satisfied with the size fit for his kids.
- Anupam Mittal also was not very happy with the founder’s responses and over-salesmanship.
After all the discussion, Aretto was not able to get any investment offers from the Sharks and thus the deal failed.
| Company Name | Aretto |
| Founders | Satyajit Mittal |
| Headquarters | Pune, Maharashtra |
| Founded Year | 2019 |
| Business | Kids Footwear Brand |
| Profitability | No |
| Shark Tank Episode | Season 3 – Episode 6 |
| Asked For | INR 80 lakhs for 1% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
Aretto was not able to secure any deal from Shark Tank India season 3 because of various business process reasons and the authenticity showcased by the founder.
Frequently Asked Questions About Aretto
After their appearance on Shark Tank India Season 3, people tried to find more information about Aretto. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Aretto?
Satyajit Mittal is the founder of Aretto, the world’s first expanding shoes.
2. Is Aretto From Shark Tank India profitable?
No, Aretto is not yet a profitable company and they have a monthly burn of around 11 lakhs as per their Shark Tank India pitch.
4. What happened to Aretto after the Shark tank?
Aretto was not able to secure any deal from the show but they are working on scaling their business both online and offline.
5. What Is The Valuation of Aretto?
As per their Shark Tank pitch, Aretto was closing a funding round at the valuation of 80 crores.
