Mesa School of Business raises Rs 110 Cr co-led by Dharana Capital and Elevation Capital

What happened

Mesa School of Business has raised Rs 110 crore in funding co-led Dharana Capital and existing investor Elevation Capital. Founded in 2023 by Ankit Agarwal and Varun Limaye, Mesa School of Business will use this funding to build on AI-first curriculum for existing programmes, launch & grow new programmes and build strategic partnerships with the startup ecosystem.

This funding round is a combination of equity and debt. The equity component comprised Rs 85 crore and the venture debt of Rs 25 crore was from InnoVen Capital and Alteria Capital.

According to Mesa, it runs residential programmes built around learning by doing real things. Every student builds and runs a small business, and learns to use AI to build and launch a tech product and claims that more than 100 founders have taught on campus, and students have worked on over 200 projects with startups.