India’s First Business School for Startup Leaders, Mesa School of Business, Raises $4 Million in Funding Round Led by Elevation Capital
- ByStartupStory | April 20, 2023
Mesa School of Business, India’s first business school focused on creating startup leaders, has secured Rs 34 crore ($4 million) in a funding round led by Elevation Capital, a venture capital and growth-equity investment firm. Angel investors including Kunal Shah, founder of fintech player Cred, and Vidit Aatrey, founder of social commerce platform Meesho, also participated in the funding round. The business school plans to use the funds to create 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.
According to the founding team of Mesa School of Business, “We believe startups will be responsible for creating the bulk of the new aspirational jobs in India, and yet there isn’t a B-school focused on preparing candidates to be successful in these leadership roles. This gap inspired us to start Mesa School.” Mesa was founded by Ankit Agarwal, a former Urban Company executive, and Varun Limaye, a former Amazon executive.
Elevation Capital, formerly known as SAIF Partners, invests largely in sectors such as consumer brands, consumer technology, enterprise tech, software-as-a-service (SaaS) and B2B, crypto and Web3, fintech, and logistics. The investment firm typically invests between $2 million and $75 million in one or more rounds in its portfolio companies. Mukul Arora, managing partner at Elevation Capital, said, “We believe there is a clear opportunity to build new age, outcome-focused higher-ed institutes in India.”
Mesa School of Business aims to transform young professionals by preparing them for leadership roles in startups. The business school plans to offer its students a unique curriculum that combines real-world experience with theoretical knowledge, giving them a practical understanding of entrepreneurship. The founders of Mesa School of Business said, “Our curriculum will be designed and delivered by leaders from the startup ecosystem, giving students an opportunity to learn from those who have been there and done that.” The business school aims to prepare its graduates to be the next generation of successful startup leaders.
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