Mesa School of Business, a business school focused on creating startup leaders, has raised Rs 34 crore ($4 million) in fresh funding.

Led by Elevation Capital, the funding round also saw participation from angel investors such as Kunal Shah (Cred), Vidit Aatrey (Meesho), and Abhiraj Bahl (Urban Company).

As per the startup, the freshly raised funds will be used for building a cutting-edge, hands-on and application-based curriculum, designed and delivered in partnership with startup leaders and potential future employers for a founding cohort of just 60 hand-picked students.

Mesa School of Business | PG Program For Entrepreneurial Leaders 

Founded by Ankit Agarwal, a former Urban Company executive, and Varun Limaye, a former Amazon executive, Mesa is a business school focused on creating startup leaders.

Its flagship program, the PGP in Startup Leadership, is a 12-month, in-person extensive business program designed to develop strong Business Technology Leaders. The Startup Leadership program will start in September 2023.

Speaking on the program, the founding team of Mesa School of Business, said,

“We have kept ‘learning by doing’ as the core principle of the program where every candidate will get to learn business directly from startup CXOs and practitioners, build startup businesses from scratch as part of coursework and deeply immerse themselves into Bangalore’s startup ecosystem.”

It claims to be India’s first B-school programme aimed at transforming young professionals by preparing them for the challenges of leadership roles in startups.

Commenting on the development, Mukul Arora, Managing Partner, Elevation Capital, said,

“We believe there is a clear opportunity to build new age, outcome-focused higher-ed institutes in India. We are thrilled to partner with them on this journey to create an iconic Indian higher-ed institution.”

This funding round was led by Elevation Capital, which invests largely in early-stage startups. The firm has a portfolio of startups across sectors such as consumer brands, software-as-a-service (SaaS) and B2B, consumer technology, enterprise tech, crypto and Web3, fintech and logistics.

The VC firm typically invests between $2 million and $75 million in one or more rounds in its portfolio companies. It has invested in startups, including Meesho, NoBroker, FirstCry, Makemytrip, Spinny, Unacademy and Xpressbees.

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