Purpose: The purpose of this study is to investigate the impact of strategic entrepreneurship on explorative and exploitative innovation in the presence of strategic learning capabilities. This study has also explored the moderating role of structural organicity between strategic entrepreneurship and strategic learning capabilities. Design/methodology/approach: A total of 298 employees working in software houses of Pakistan participated in the study. The study used a questionnaire-based survey through "google forms" on convenience basis, and structural equation modeling was used to test the hypotheses. Findings: The results supported the positive association of strategic entrepreneurship with explorative and exploitative dimensions of innovation. Further, strategic learning capabilities was noted to mediate the association between strategic entrepreneurship and explorative innovation; however, it did not mediate the association between strategic entrepreneurship and exploitative innovation. Finally, the study examined the moderating role of structural organicity and noted a higher positive impact of strategic entrepreneurship on learning capabilities in the case of high structural organicity. Research limitations/implications: The study collected data from a developing country during COVID-19, which may affect generalizability. The study suggests management to work on employees' learning capabilities to cultivate the benefits of explorative innovation. Originality/value: This study explores the mediating role of strategic learning capabilities between strategic entrepreneurship and innovation ambidexterity. In addition, it explores the conditional effect of structural organicity to trigger strategic learning capabilities.