Cuemath, the Delhi headquartered education start-up focused on maths learning, has raised $4 million funding from Sequoia India and its existing investor Unitus Seed Fund.
Cuemath, the Delhi headquartered education start-up focused on maths learning, has raised $4 million funding from Sequoia India and its existing investor Unitus Seed Fund. This fund will be used to expand its math learning programmes within India and other international markets.
Founded in 2013, Cuemath provides a differentiated technology driven content developed by math experts from institutions like IIT, IIM, Cambridge and Stanford University. This programme is designed for school students based on a methodology learning-by-doing methodology and it also trains the teachers on its curriculum.
According to Cuemath, over 25,000 teachers have applied to be part of its network and it has signed over 1,200 of them. The education start-up said it has been growing over 4x in the last six months and plans to get to 5,000 teachers on its platform by March 2017.
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.” As Cuemath is a home based training methodology, it claimed that teachers under its programme can earn up to R50,000 every month. It currently has 1,000 centres across India running mostly in Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune etc.