Cuemath offers one-on-one online math tutoring that combines adaptive and visual learning techniques with a best-in-class curriculum and rigorously trained teachers (developed with input from Harvard, Stanford, Cambridge and IIT). The platform has been used by more than 200,000 students across 70+ countries and reports industry-leading retention of 80% and that half of new admissions arrive via referrals. Cuemath says product innovation and personalization, coupled with a low Capex model, have increased conversion rates by 3X and supported global scale-up. The company aims to expand to over 100 countries by FY’23, bolstering presence in North America, APAC, the UK, Europe, the Middle East and targeting Africa and South America. The new funding will be used to strengthen product-pedagogy outcomes, fuel hypergrowth initiatives, pursue acquisitions and partnerships, and build a global math brand. Cuemath offers live, one-to-few digital math and coding classes (maximum six students per class) taught by Cuemath-trained teachers based in India, with each student following a personalized learning path. The company uses a proprietary, gamified pedagogy and technology platform designed to improve logical reasoning and math skills and to double students' problem‑solving speed within 12 months. Cuemath reports retention rates as high as 75%+ and conversion rates up to 60%+ across organic channels. The platform serves roughly 60,000 students across more than 10 countries, who spend an average of five hours per month on the product; average subscription tenure has increased by more than 50%. Over 96% of Cuemath's teachers are women, and the program emphasizes scalable 1:many economics while delivering 1:1 quality outcomes. The company recently closed a funding round that will support further technology development and global expansion, including scaling in the US and other international markets. Founded in 2013 by Jagjit Kurma and Manan Khurma and headquartered in Bengaluru, Cuemath runs a franchised math-teaching platform that deploys physical and gadget-based content. The curriculum is based on learning standards from Indian and foreign education boards. The company serves K–12 learners and, at the last count, reported about 40,000 students across over 5,000 centres in 80 cities. Cuemath operates a franchisee model for in-person centres alongside its platform offerings. The company has completed multiple financings and, per VCCEdge data cited in the article, has raised $28 million in total to date. Recent investor interest in the edtech sector has coincided with its fundraising activity. Cuemath is an after-school maths tuition startup offering physical worksheets, quiz cards and tablet-based in-house content for students from lower kindergarten to standard 10. It operates on a micro-franchisee model where local tutors sign up to conduct classes at their homes. The company is Bengaluru-based and previously raised about Rs 100 crore in a Series B round led by Alphabet/Capital G roughly two years ago. It is now raising an extended Series B tranche of Rs 39 crore, with filings implying a post-tranche market-cap of about Rs 330 crore. New and existing investors in this tranche include Manta Ray Ventures, Capital G (Google) and Sequoia India; the round may bring operational experience from Manta Ray’s edutech portfolio (Brainly, Bridge). Despite early promise, reports indicate Cuemath has not grown at the same pace as some competitors such as Vedantu. Cuemath provides an after-school mathematics learning program for students from LKG through grade 8, combining math worksheets with application-based technology under the supervision of trained and certified teachers. The program emphasizes engaging, comprehensive instruction across every aspect of learning math. The company operates over 1,000 centres across India in cities including Delhi NCR, Bangalore, Mumbai, Chennai, Pune, Hyderabad and Ahmedabad. Leadership includes Manan Khurma (CEO), Anushray Gupta (CTO), Nikhil Pawar (Head of Curriculum) and Akshay Kumar (COO). Cuemath announced a recent capital raise and intends to use proceeds for business expansion and product development.

Total raised

$124M

Funding rounds

8

Latest round

Equity

Latest activity

Jun 2022