Tetr College has raised $18 million in a round co-led by Owl Ventures and Bertelsmann India Investments, at a time when demand for global, multi-campus business programs is rising in India.

The company said the capital will be used to set up new campuses in the United States, Europe and Dubai, and to expand its presence across its ten-country operating network in North America, Europe, the Middle East, Asia and Africa.

"They will also be used to broaden Tetr’s academic offerings with new programs in management and entrepreneurship, including the recently launched Masters in Management and Technology, MiM-Tech," the firm's founder Pratham Mittal told Moneycontrol.

Sources told Moneycontrol that the deal was valued at around $78 million.

Tetr said it will tap into the wider network of Be

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