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Ed-tech startup CueMath raises $4 million from Sequoia Capital India

Byju’s become first startup to avail Chan Zuckergerg Initiative in Asia- mybigplunge


Ed-tech startup CueMath raises $4 million from Sequoia Capital India

Aiming to further expand its presence and increase the number of teachers on its platform from 1,200 to 5,000, Bengaluru-based CueMath , which offers a technology platform for women to run home-based learning centres for young students from LKG to class 8, has raised $4 million from venture capital firm Sequoia Capital India.
Its other existing investor Unitus Seed Fund also participated in the round.

Founded in 2013 by Manan Khurma and Jagjit Khurma, this ed tech startup run by Cuelearn Pvt Ltd., is a technology-driven content platform that combines adaptive and gamified learning with a curriculum that focuses on first-principles learning.

It uses physical worksheets, quiz cards, along with other tablet-based content it develops in-house.
According to Cuemath, it has the fastest growing networks of math learning centres in India. Over 25,000 teachers have applied to be a part of its network and the platform currently has 1200 certified teachers. and is operational across Delhi, Mumbai, Pune, Bangalore, Chennai and Hyderabad.

Manan Khurma, Founder of Cute math, said, “We are razor focused on math, and employ technology, proprietary content, and offline distribution to enable the best learning outcomes. We don’t have any near-term plans for building learning programs for other subjects.”

“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,” added Khurma.

Prior to this, in August 2015 raised an undisclosed amount from former Managing Director of Canaan Partners, Alok Mittal.

Abheek Anand, Principal, Sequoia Capital India Advisors, said, “This is a company that marries strong performance with a mission to solve a very real problem faced in this country today – how to enable millions of educated, talented women to employ their skills from the flexibility of their home.”

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