Cuemath raises $4 million from Sequoia Capital, Unitus Seed Fund1 min read . Updated: 07 Jun 2016, 07:42 AM IST
Education start-up Cuemath will use the funds to expand to international markets and increase the number of teachers that use its platform
Bengaluru: Education start-up Cuemath, run by Cuelearn Pvt Ltd, has raised $4 million from venture capital firm Sequoia Capital India with participation from existing investor Unitus Seed Fund.
The firm had in August raised an undisclosed amount from Alok Mittal, former managing director of Canaan Partners.
With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000. The firm declined to say how many students use its platform.
Cuemath is one of the many education start-ups such as Vidyanext, Genius, Flipclass and Vedantu that are using technology to help change after-school tuitions in India.
Cuemath uses physical worksheets, quiz cards, along with other tablet-based content it develops in-house and targets students from lower kindergarten to Class 8. It operates on a micro-franchisee model where local tutors sign up with the company.
“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," said Manan Khurma, founder of Cuemath.
Scaling, even with the offline component won’t be a problem, he said.
“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," said Khurma.
The firm is present in six Indian cities: New Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Pune.
Investments in education start-ups in India have picked up this year, with Byju’s, which offers learning programmes for Class 6 to 12 students and preparation programmes for competitive exams, alone raising $75 million in March, compared to the $70 million that all the education start-ups raised last year, according to start-up tracker Tracxn.