Funding results are out: Cuemath gets $4M from Sequoia Capital

Chennai based edu-startup Cuemath started in 2013 raises $4M in series A funding from Sequoi Capital and existing investor, Unitus Seed Fund. In 2014 it got a seed fund of around 1Cr rupees from Unitus Seed Fund.

Cuemath offers a technology platform for women to provide home based math tuitions for students from LKG to 8th. The fund received will be used to improve this home-based math learning network in India and overseas. This platform helps home makers to join the skill worker force with the comfort of working from home.

Manan Khurma, Founder and an IIT Delhi alumnus tells media, “We don’t have any near-term plans of 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 India. We are looking at a 4-5x growth in the number of teachers and 20 x growths in students by the end of March 2017”

Cuemath is focussed only on math learning sector and their goal is to bring the home based math tuition on a digital platform for people around the world. They combine adaptive and gamified learning with the student’s curriculum.  Online tuitions make learning convenient and cost friendly.

Abheek Anand, Principal, Sequoia Capital India Advisors, believes the concept of online home-learning is both highly scalable and impactful. He tells media, “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”

They carefully examine teachers before bringing them onboard. Out of 25,000 teacher applicants only 1200 have been signed up on to the network.

Cuemath has 80 employees across Delhi, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai. Growing over 4X in six months, the startup plans to get to 5000 teachers by March 2017.

Check out this edu-startup that gamified learning too