Cuemath, a Google-backed math learning startup, has raised $57 million in a fresh funding round led by Alpha Wave Global, with participation from all its existing investors, including Lightrock India, Sequoia Capital India, Alphabet independent growth fund CapitalG, Manta Ray, and Unitus.  

The edtech startup has raised this round at a valuation of $407 million, a more than 2X jump in valuation.

As per the startup, the raised funds will be used towards strengthening product-pedagogy outcomes, hypergrowth initiatives, acquisition and partnerships, and catalyse its efforts to build a strong global math brand.

Cuemath | The Math Expert

Founded by Manan Khurma in 2013, Cuemath is powered by an adaptive learning platform, interactive visual simulations, and the guidance of a LIVE teacher. It focuses on a learning methodology that develops independent thinking and empowers children to become invincible problem-solvers of the future.

Speaking about the development, Manan Khurma, Founder and Chairman of Cuemath, said,

“What distinguishes Cuemath from almost every other edtech company is that we focus on one thing and one thing only–deep math learning outcomes. In every Cuemath class, the student experiences a powerful and personalised combination of a highly visual math curriculum delivered by a rigorously trained, caring teacher. This has enabled Cuemath to have one of the best retention rates in the industry (80 percent), with half of all new admissions happening via referrals. These industry-leading metrics encouraged all our investment partners to support us yet again in our global math mission.”

Currently present in more than 70 countries, the Bengaluru-based edtech player aims to expand to over 100 countries by FY-23, including bolstering its presence in North America, APAC, the UK, Europe, and the Middle East, and capturing markets in Africa and South America.

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