Bengaluru, Oct. 19 -- Higher education startup Mesa School of Business has raised Rs.110 crore ($12 million) that includes a Series A funding round co-led by Dharana Capital and existing backer Elevation Capital. Elevation Capital is widely known for early-stage bets on Indian consumer-tech unicorns, including Paytm, Swiggy, Meesho, and Urban Company.

Co-founded in 2023 by Ankit Agarwal and Varun Limaye, the Bengaluru-headquartered startup positions itself as an outcome-focused alternative to traditional business management institutes. Mesa's pedagogical framework integrates real-world venture creation and artificial intelligence product development directly into its core academic curriculum.

"Higher education in India needs to be rebui...