Mesa School of Business Raises ₹110 Crore Led by Dharana, Elevation

13 Oct 2026, 6:10 am · 3h ago · 1 min read · YourStory

Amount

₹110 Cr

Lead

Dharana Capital and Elevation Capital

Bengaluru-based Mesa School of Business has raised ₹110 crore in a mix of equity and debt financing. The equity round of ₹85 crore was co-led by Dharana Capital and existing backer Elevation Capital, while ₹25 crore in venture debt came from InnoVen Capital and Alteria Capital. Founded in 2023 by Ankit Agarwal and Varun Limaye, Mesa offers hands-on, AI-focused business programs. The startup plans to deploy the fresh capital to build AI-first curricula, launch new academic programmes, and expand industry partnerships. Mesa currently serves over 550 students across three business education cohorts.