Last updated on 05 February 2024.
Find everything about Aretto’s pitch on Shark Tank India, founder Satyajit Mittal, and the latest updates about the company!
Aretto on Shark Tank India
Kids’ shoe size changes rapidly, but parents can’t buy new ones every month. That’s what Aretto is here to solve.
Here are the key details about their pitch on Shark Tank:
| Name | Aretto |
| Founder | Satyajit Mittal |
| Episode | Season 3 Episode 6 |
| Ask | ₹80 Lakhs for 1% Equity |
| Deal | No Deal |
| Sharks | NA |
| Status | In-business |
Aretto is a footwear tech brand that makes adjustable shoes for kids of different ages. They have shoes that can adjust up to 3 sizes, and this technology is patented as well.
You can get them from their website and some online marketplaces. If you are living in Pune, they have an outlet there to try the shoes. We found their shoes on Amazon for you to check out (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/42qYyf0
*Affiliate Link means that we get a certain percentage from the sale when you purchase through our link.
The pitcher came in for ₹80 lakhs in a ₹80 crores valuation.
The one phrase Vineeta used for this pitch is “controlling the narrative”, which suits it correctly. The pitcher was constantly giving long answers and explaining things beyond what was asked for. He even started by telling his story, which irritated many sharks.
Still, the product was effective. Peyush had been a customer of them and he was even going to invest in it before. Then, the things move to numbers. The startup was generating revenue, but also burning cash for it.
Vineeta was already frustrated, so there was no way she was going to make a deal. Anupam also got angry. Aman even called him “nautanki” and denied to offer anything.
Namita was not sure about the functionality and Vineeta thought that the price was too high for the value it provides.
Watch the full pitch here:
Aretto got no deal at Shark Tank India.
About Founder Satyajit Mittal
Satyajit Mittal is the Founder and CEO of Aretto. He had studied Industrial and Product Design at MIT Institute of Design. He then worked as a User Experience Designer at Globant.
Satyajit is also the founder of Sanotion, which makes SquatEASE, his first big invention. In 2020, he started Aretto.
After Shark Tank Updates
In August 2023, Aretto raised $550,000 from many different investors, one of which is cricketer Hardik Pandya. They plan to launch more designs with this new money.
By the way, other businesses featured in this episode were Kalakaram DIY Kits and Nabhi Sutra Ayurvedic Oils.
Here is the official company pitch we found via Linkedin: “Aretto is a go-to kids-focused footwear brand deep-rooted in technology, superior quality, and ultimate comfort. At Aretto, we’re built upon values that keep the child within us alive and help us design intuitive, relevant solutions for our young audience. We believe in driving maximum value for our consumers and are building a team of dedicated, keen, and hardworking people. We’re passionate about children’s growth. Developing technology for shoes that grow with kids was no easy feat, but it made our hearts race – so we chased after it of course.
Takeaways
So now you know about Aretto’s pitch on Shark Tank India and its founder. The product has promise, so it has a good chance to work in the Indian market.
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.