CueMath a Delhi based ed-tech startup has raised a funding of $4 Million in Series A round from Sequoia Capital a Venture Capitalist firm, with Unitus Seed Fund its existing investor. The funds will be utilised to expand into international markets and to increase the number of teachers using the platform.
CueMath was founded in 2013 by Manan Khurma and Jagjit Khurma. It is run by CueLearn, CueMath is an after school maths learning program for students from LKG to 8th grade. It uses Quiz cards, physical worksheets, tablet based content it develops in house. Local tutors can also sign up with the company.
Manan Khurma, founder of Cuemath said
“What we are essentially saying is that we don’t require someone to teach actively. Unlike others, in our case, the system is doing the teaching, and not the teacher. Math is the biggest need for children. Fitting many subjects into the same time slot will dilute the learning.”
He further added
“To deliver the most effective learning there has to be an offline component. A purely online pedagogy would not work especially for the segment of young learners. Training of the teachers is online, having an offline component is not a hindrance to scale.”
The startup is currently operating in Mumbai, New Delhi, Pune, Chennai and Hyderabad. In August 2015 it raised an undisclosed amount of funding from Alok Mittal, former MD of Canaan Partners.
CueMath is in direct competition with many education startups Genius, Vidyanext, Vedantu and Flipclass which are using the technology to help change in tuitions in India.
Byju an ed-tech startup which raised $75 Million from Sequoia India and Sofina in March 2016. Other startup in this segment include Eckovation, Curiositi and MeritNation, Sigrid Education and Logicroots which helps the students with their online platform.