startup funding

EdTech Startup Cuemath Raises $4M from Sequoia India and Unitus Seed Fund


Delhi-based Cuemath, an edtech startup focused on math learning for primary school students, has raised $4 million in funding from Sequoia India and existing investor Unitus Seed Fund. The startup plans to use the funds to expand its teacher network across its target geographies.

Cuemath is a sophisticated math learning program for young students (grades KG to 8), which comprehensively covers every aspect of math learning. Founded in 2013, the startup uses gamified learning to teach maths, along with supervision by the teachers. It currently operates in Bengaluru, Delhi , Mumbai , Pune , Hyderabad and Chennai . The students have to attend one hour classes thrice a week. Cuemath’s teachers, around 1,200 now, are primarily well-educated women who are homemakers, but are looking for options to employ their skills.

Going forward, the company plans to get to 5,000 teachers on board by March 2017. The firm had raised an undisclosed amount from Alok Mittal, former managing director of Canaan Partners in August.

Cuemath founder Manan Khurma said, “Our positioning is simple – that we are razor focused on math….Our ambition is to expand our unique math learning program to various cities in India and other geographies outside of India. We are looking at a 4-5x growth in the number of teachers and 20x growth in students by the end of March 2017.”

Other players operating in the edtech space are Vidyanext, Genius, Flipclass and Vedantu. Byju’s, which offers learning programmes for Class 6 to 12 students and preparation programmes for competitive exams, alone raising $75 million in March, compared to the $70 million that all the education startups raised last year, according to startup tracker Tracxn.

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