Mesa School set to raise ₹100 crore Series A; co-founder to sell 2.9%
Kalpana Maurya
1 Oct 2026 · 2 min read
Mesa School, a Bengaluru new-age business school, is set to raise about ₹100 crore in a Series A round split between ₹84 crore of equity and ₹16 crore of venture debt, according to Entrackr. Co-founder Varun Limaye may also sell 2.9% of his stake for about ₹3 crore.
Mesa School, a Bengaluru-based new-age business school, is set to raise around ₹100 crore in a Series A funding round, Entrackr reported on 10 September 2026, citing people familiar with the deal. About ₹84 crore will come in as equity and the remaining ₹16 crore as venture debt. The round had not closed at the time of reporting.
Mesa has not announced the round itself. Elevation Capital, which led its seed round, declined to comment, and co-founder Varun Limaye did not respond to Entrackr's queries before publication.
The secondary sale
Alongside the fresh capital, Limaye is looking to sell about 2.9% of his personal stake for roughly ₹3 crore in a secondary transaction, sources told Entrackr. One person said existing investors who want to raise their ownership are taking up those shares. Whether Elevation Capital is among the buyers could not be confirmed.
Growth behind the raise
Mesa's annual revenue and student enrolments have grown about 2.5 times over the past year, according to the sources. A source attributed that growth to a bigger student base and a wider set of programmes.
The school now runs three programmes aimed at different groups of learners, including fresh graduates and MBA candidates, and is expanding its curriculum across startup leadership, entrepreneurship, product and AI.
About Mesa School
Mesa was founded by Ankit Agarwal and Varun Limaye. In April 2023 it raised about ₹34 crore ($4 million) in a seed round led by Elevation Capital, with angel investors including CRED founder Kunal Shah, Meesho co-founder Vidit Aatrey and Urban Company co-founder Abhiraj Bhal.
It operates in India's new-age business education segment alongside Masters' Union, Altera Institute and Scaler, all of which mix business teaching with exposure to technology, product and the startup world.
Key facts
- Company: Mesa School (Bengaluru)
- Founders: Ankit Agarwal, Varun Limaye
- Round: Series A (in progress, not company-confirmed)
- Amount: about ₹100 crore (₹84 crore equity, ₹16 crore venture debt)
- Secondary: Varun Limaye to sell about 2.9% for about ₹3 crore
- Lead investor: Not disclosed
- Previous round: about ₹34 crore ($4 million) seed led by Elevation Capital, April 2023
- Reported: 10 September 2026
Frequently asked questions
How much is Mesa School raising?
About ₹100 crore in a Series A round, made up of roughly ₹84 crore in equity and ₹16 crore in venture debt, according to Entrackr.
Has the Mesa School round closed?
No. Entrackr reported that the round was yet to be completed, and the company had not commented.
Who founded Mesa School?
Ankit Agarwal and Varun Limaye founded Mesa School.
Is a founder selling shares?
Co-founder Varun Limaye is looking to sell about 2.9% of his stake for roughly ₹3 crore to existing investors.
Who backed Mesa School earlier?
Elevation Capital led its ₹34 crore seed round in April 2023, with angels including Kunal Shah, Vidit Aatrey and Abhiraj Bhal.
