Pratham Mittal's Tetr in talks to raise $20 million

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.

- Mansi Verma

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

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 the 2020-2021 boom.

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