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Cuemath, which has developed a mathematics learning programme for school children in the 5-13 age group and which it teaches through approved and trained teachers from their homes, has raised about ₹27 crore ($ 4 million) in Series A funding from Sequoia India. Existing investor Unitus Seed Fund participated in the funding round.
The venture offers a technology platform for women to run home-based learning centres for students from LKG to the 8th standard.
According to Manan Khurma, Founder, Cuemath will use the money to expand its reach and refine the product. It had raised about ₹1 crore from Unitus in 2014.
Cuemath’s classes are available in Delhi, Mumbai, Pune, Bengaluru, Chennai and Hyderabad. Nearly 5,000 students go through the mathematics classes under the Cuemath system in about 1,000 centres now. It plans to increase the student strength to about 25,000 by this year-end. The company has signed on over 1,200 teachers from the nearly 25,000 who had applied to be part of the Cuemath network. Each batch will consist of eight students. The fees range from ₹1,500-2,000 a month, depending on the geography.
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