Bengaluru-based edtech startup CueMath run by Cuelearn Pvt Ltd, has raised $4 million from venture capital firm Sequoia Capital India with participation from existing investor Unitus Seed Fund.
Cuemath ,Founded in 2013 by Manan Khurma and Jagjit Khurma ,offers a technology platform for women to run home-based learning centres for young students from LKG to class 8.Cuemath is a technology-driven content platform which 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.
Cuemath claimed to have the fastest growing networks of math learning centres in India. Over 25,000 teachers have applied to be a part of the Cuemath network and the platform currently has 1200 certified teachers and is operational across Delhi, Mumbai, Pune, Bangalore, Chennai, Hyderabad.
Manan Khurma, Founder of Cuemath, said,
“Our positioning is simple – that 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 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 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.”
It will use the newly raised capital to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000.
Abheek Anand, Principal, Sequoia Capital India Advisors, believes that the concept of empowering homemakers and enabling them to run home-based learning centres is something that is both highly scalable and impactful.
“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.”
Prior to this, in August 2015 raised an undisclosed amount from former Managing Director of Canaan Partners, Alok Mittal.