Mesa School of Business raises $11.4M Series A
Bengaluru-based Mesa School of Business has raised ₹110 Cr ($11.4 Mn) in a Series A funding round. The terms were a mix of equity and venture debt.
Dharana Capital and existing backer Elevation Capital co-led the equity portion, worth ₹ 85 Cr. The remaining ₹25 Cr was raised via venture debt from InnoVen Capital and Alteria Capital.
The round pegged the business school at a post-money valuation of ₹385 Cr ($40 Mn), co-founder Ankit Agarwal told Inc42.
Industry-led business education
Founded in 2023 by Agarwal and Varun Limaye, Mesa offers on-campus educational programmes for individuals. It currently offers three full-time programmes targeting early-career professionals, fresh graduates and undergraduate students.
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The school does not employ full-time faculty. Instead, it relies on startup founders, executives and industry experts to design and deliver its curriculum. Around 2,000 industry professionals have interacted with Mesa students, according to Agarwal.
Where Are Mesa Graduates Headed?
Mesa claims its first three postgraduate cohorts have produced around 300 alumni, who have joined more than 120 startups in roles spanning founders’ offices, product management, partnerships and venture capital.
The capital will be used to strengthen Mesa’s leadership team, integrate artificial intelligence (AI) into its programmes, deepen partnerships with startups and launch new courses.
The school also claims that it has incubated more than 50 student startups, which have clocked ₹50 Cr in annual revenue.
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