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Math training startup Cuemath raises $4M from Sequoia & Unitus

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Bangalore based education tech startup Cuemath has raised $4 million (~Rs 26. crore) in a series A round of funding led by Sequoia Capital, reports TechCircle. Other investors including Unitus Seed Fund also participated in this round. The company plans on use the fresh capital to expand its services in India and foreign markets as well.

Cuemath focuses on teaching mathematics using worksheets aimed at students from LKG to 8th grade. The company claims that its training methods are designed by graduates and experts in mathematics from institutions like IIT, IIM, Cambridge and Stanford University. Once a student signs ups, he/she will have to attend classes held by qualified and trained tutors in Cuemath centres. The company claims to have over 1000 such centres in cities like Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, and Pune among others. It also claims to have over 1,200 teaching partners on its platform.

How Cuemath trains its students

The company’s website mentions that its math training courses are split into 3 broad areas with 100 levels spread over 10 different classes from LKG to class 8. The ‘level’ of each child progresses as he/she advances through the program. Apart from training courses, Cuemath also holds competitions for its students at society/local, city, state and national level.

Study groups: The training sessions are held 3 times a week wherein students are split into study groups of 8 students each. Each group has mix of students from different ‘levels’ and each student has a customized learning pattern. The main 3 categories of training include:

School Math training that covers entire curriculum under CBSE, ICSE, and other board syllabuses
Mental Aptitude courses that focuses on mental mathematics and aptitude.
Creative Reasoning training that focuses on developing a student’s analytical, logical and critical thinking abilities.

Other developments in education

– Last month, EduPristine, a Mumbai-based online certification courses provider raised $10 million in funding from private equity fund Kaizen Management Advisors, and education company DeVry Inc.

-In April, Gurgaon based CollegeDekho, an online platform that lists colleges across streams in the country and offers test preparation material, had raised $2 million in funding from Man Capital.

-In the same month, Finland based edtech startup Claned raised $1.46 million in a round of funding led by Indian CBA (Cross Border Angels and Investors) members.

-In March, Bangalore-based education tech startup Byju’s Learning raised $75 million from Sequoia Capital and Sofina.

-In December 2015 Jigsaw Academy, a portal for data analytics courses, raised $3 million in a series A round of funding from Manipal Global Education Services (MaGE),

-In November 2015 S Chand, the publisher of textbooks and competitive exam material, raised $27 million (Rs 179.2 crore) led by International Finance Corp (Rs 110 crore) and others.

-In the same month, online open course provider Udacity raised $105 million in Series D round of funding led by German media group Bertelsmann and other investors

-In October, Schoolguru, an e-learning company that lets universities launch, run and manage online programs raised $3 million in Series A funding from unnamed HNIs.

Image credit: Flickr user Ginny under CC BY-SA 2.0

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