India, Oct. 13 -- Bengaluru-based Mesa School of Business has raised Rs.110 Cr ($11.4 Mn) in its Series A funding round in a mix of debt and equity. The round pegged the business school at a post-money valuation of Rs.385 Cr ($40 Mn), cofounder Ankit Agarwal told Inc42.

While the Rs.85 Cr equity round was co-led by Dharana Capital and existing backer Elevation Capital, the remaining Rs.25 Cr was raised via venture debt from InnoVen Capital and Alteria Capital.

Mesa plans to utilise the fresh capital to strengthen its leadership team, integrate artificial intelligence (AI) into its programmes, deepen partnerships with startups and launch new courses.

Founded in 2023 by Agarwal and Varun Limaye, Mesa offers on-campus educational programm...