Cuemath, a Bengaluru, India-based leader in online math learning, closed its $40m Series C financing round.
The round was led by Lightstone Aspada and Alpha Wave Incubation with participation from existing investors Sequoia Capital India, CapitalG (formerly Google Capital) and Manta Ray.
The company intends to use the funds to drive expansion of the platform globally and build on its launch in the US to further scale up in the geography, along with other international markets.
Founded by CEO Manan Khurma, Cuemath provides an online math learning and coding program or KG-10th grade students across all school boards, spread over 10+ countries (UK, USA, UAE, Singapore, Canada, Thailand, Indonesia, Egypt, Nigeria, India, Nepal, Bangladesh and more)
The company leverages proprietary methodology to challenge the old-school practices via a technology platform and gamified pedagogy, focusing on Math. Students are given personal attention by a Cuemath-trained Math expert based in India, with real-time intervention in a one to few (maximum of 6 students in a class) digital classroom. Each student is on a personalized learning path.
The methodology delivers proven outcomes allowing students to double their speed of solving Math questions within 12 months. Currently, close to 60,000 students from across 10 countries spend an average of five hours on the platform each month.