Operated by Bengaluru-based Cue Learn Pvt. Ltd, Cuemath is an after-school math excellence programme for kindergarten to Grade 8 children. It uses physical worksheets, and quiz cards, along with other tablet-based content. The startup operates on a micro-franchisee model, where local tutors sign up to conduct classes at their home.
Founded in 2013, Cuemath had raised $5.5 million in Series B funding led by Manta Ray, with participation of Capital G and Sequoia India, about a year ago. It had garnered $15 million in a Series B round led by CapitalG, and joined by Sequoia India in January 2017.
The edtech sector in India has of late witnessed a spate of deals as schools remained shut since March owing to the coronavirus outbreak. Some of the startups to have recently raised funding include kyt, Yellow Class, FrontRow, Lattu Kids, Stones2milestones, and BitClass.
Last month, Unacademy raised a fresh round of funding from Tiger Global Management and US-based Dragoneer Investment Group at a valuation of $2 billion. In September, the company had raised $150 million led by SoftBank. The same month, Byju’s raised $500 million from a group of investors including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures, and Tiger Global.