Mesa School of Business has initiated talks to raise approximately Rs 100 crore ($8 million to $10 million) in a Series A funding round led by existing backer Elevation Capital, according to reports by Entrackr and Indian Startup News. The full-time, residential business school also anticipates a secondary share sale where co-founder Ankit Agarwal may dilute a 2.9% stake as part of the transaction.
Mesa School of Business Initiates Talks to Raise Rs 100 Crore in Series A Funding
Funding Goals and Curriculum Expansion
According to confidential sources cited by Indian Startup News, Mesa plans to deploy the capital to scale its hands-on, application-based curriculum. The institution designs its programs alongside startup leaders and hiring partners specifically for a founding cohort of 60 students. Founded by former Urban Company executive Ankit Agarwal and Amazon executive Varun Limaye, the startup models its higher-ed approach similarly to Masters Union.
Elevation Capital declined to comment on the current Series A discussions, and Mesa School of Business did not offer immediate comments to reporters.
Revival of Investor Interest in Indian Edtech
The financing discussions arrive amid a broader resurgence of investor sentiment toward the Indian edtech sector, which previously faced widespread skepticism. According to Indian Startup News, specialized industry-training startups like Emversity recently secured capital from Premji Invest and other prominent backers, signaling renewed confidence in alternative professional education models.
Frequently Asked Questions
- Who founded Mesa School of Business? The institution was founded by former Urban Company executive Ankit Agarwal and Amazon executive Varun Limaye.
- How much capital is Mesa School of Business raising? The institute is in talks to raise between $8 million and $10 million (approximately Rs 100 crore) in a Series A round.
- Who are the key investors involved? Elevation Capital, an existing backer, is participating in the funding discussions.
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