Tetr College of Business raises $18 Mn in maiden funding round

Update: Tetr College, a first-of-its-kind global B-school, has announced $18 million funding round co-led by Owl Ventures and Bertelsmann India Investments (BII). 

According to the company, the funds will be used to establish three new campuses in the United States, Europe and Dubai, and to deepen Tetr’s ten-country operating network across North America, Europe, the Middle East, Asia and Africa. The funds will also be used to broaden Tetr’s academic offerings with new programs in management and entrepreneurship.

Original story follows: 

Tetr College of Business, a global business school, has raised Rs 154.33 crore (approximately $17.5 million) in its maiden round of funding from Owl Ventures and Bertelsmann India Investments.

The board at Pmmue Eduservices Private Limited (parent company of Tetr) has issued 3,130 Series A compulsory convertible preference shares and 20 equity shares at an issue price of Rs 4.89,348.33 each to raise the above mentioned amount, as per its regulatory filing with the Registrar of Companies (RoC).

Owl Ventures led the round with an investment of Rs 88.19 crore ($10 million), while Bertelsmann India Investments followed with Rs 66.14 crore ($7.5 million).

According to Entrackr’s estimates, the latest funding valued the company at around Rs 644 crore or $73 million post-money.

Founded in 2024 by Pratham Mittal, Tetr College of Business is a global B-school where over 300 undergraduate students from around the world learn business by building real ventures across seven countries including the USA, Italy, Singapore, Brazil, the UAE, India and Ghana. As part of its four-year bachelor’s program, students gain hands-on entrepreneurial experience while studying at some of the world’s most prestigious academic institutions.

In October last year, Tetr College of Business launched a $10 million fund named ‘Tetr Under 20’ to support student entrepreneurs. Led by Manoj Kohli, Viney Sawhney, Pratham Mittal and others, the fund aims to invest in 20 innovative and sector agnostic ideas across areas such as AI, emerging technology, sustainability, D2C and healthcare.

As of FY24, the company was in the pre-revenue stage and had not reported any operating income. It posted a loss of Rs 70 lakh, primarily due to marketing and employee expenses. Its FY25 data has yet to come.

Update (3:10PM, November 12):The story and headline have been revised to include additional information from Tetr’s official press release.