Tetr College of Business Secures Rs 154.33 Crore in Funding

Tetr College of Business, a prominent global business school, has raised Rs 154.33 crore (approximately $17.5 million) in its first funding round, with contributions from Owl Ventures and Bertelsmann India Investments. The board of Pmmue Eduservices Private Limited, the parent company of Tetr, facilitated the issuance of 3,130 Series A compulsory convertible preference shares and 20 equity shares at an issue price of Rs 4,89,348.33 each to amass the mentioned funds, as indicated in its regulatory filing with the Registrar of Companies (RoC).

Details of Investment Contributions

Owl Ventures led this funding round, investing Rs 88.19 crore ($10 million), while Bertelsmann India Investments contributed Rs 66.14 crore ($7.5 million). According to estimates from Startup Superb, this latest funding round has valued Tetr College of Business at approximately Rs 644 crore or $73 million post-money.

A Glimpse at Tetr College of Business

Established in 2024 by Pratham Mittal, Tetr College of Business serves as a global B-school where over 300 undergraduate students from different nations enhance their business acumen by launching real ventures across seven countries, including the USA, Italy, Singapore, Brazil, the UAE, India, and Ghana. The institution offers a comprehensive four-year bachelor’s program that equips students with practical entrepreneurial experience while they study at esteemed academic institutions worldwide.

Tetr Under 20 Fund Initiative

In October of the previous year, Tetr College of Business initiated a $10 million fund known as ‘Tetr Under 20’ aimed at aiding student entrepreneurs. The fund, steered by Manoj Kohli, Viney Sawhney, Pratham Mittal, and others, is designed to invest in 20 innovative and sector-agnostic ideas across various domains such as AI, emerging technology, sustainability, D2C, and healthcare.

Current Financial Status

As of the fiscal year 2024, Tetr College of Business was in the pre-revenue phase and had not disclosed any operating income. The institution reported a loss of Rs 70 lakh, primarily attributed to marketing and employee expenditures. Financial data for FY25 remains forthcoming.