Mumbai, Sept. 17 -- Tetr College of Business, founded by entrepreneur Pratham Mittal, is in talks to raise $20 million in its first external funding round from venture capital firms, two people aware of the matter told Mint.

Mittal is in talks with venture capital firms such as Owl Ventures and Bertelsmann India Investments to invest in the round, the people told Mint.

This underscores the growing interest among investors in the higher education segment at a time when K-12 and test prep funding has nearly dried up after a boom in 2020 and 2021.

Tetr declined to comment. Owl Ventures and Bertelsmann India Investments did not respond to Mint's queries.

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