Education-tech startup “Cuemath” raised USD 4 million from Sequoia India
and existing investor Unitus Seed Fund. It works towards math learning for the students at primary level. Cuemath foresees to use the funds to expand its teacher network
across its target geographies. It has targeted to increase the network by 5000 teachers by first quarter 2017.
“Each child works on hisher own learning trajectory , independent of
the next child. This is possible since ours is a learn ing-bydoing model and the teacher is only facilitating the learning process instead of teaching.” said Manan Khurma, founder of Cuemath
How does Cuemath work?
Startup believes games are most excellent way to interact and develop
attributes in small kids. Thus it use various games as learning tools to teach maths, under supervision of the teachers. Firm currently is operating with 1200 teachers, who are primarily well educated women. Out of which most of them are homemakers, but are enthusiastic to use their skills for employment purposes. It is currently active in Bengaluru, Delhi , Mumbai , Pune , Hyderabad and Chennai .
The students have to attend one hour classes thrice a week. Startup use physical worksheets, quiz cards, tablet-based content and much more to targets students from lower kindergarten to Class 8. It operates on sign up model, that’s how local tutors associate with the company.
Other Facts-
- Last year in August, startup got funded from Alok Mittal, former MD of Canaan Partners. Though the amount remained disclosed.
- Firm uses technology to help change the scenario after-school tuitions in India, which has just reduced to mere a rat race.
- Here system is doing the teaching, and not the teacher. They only need them for supervision for which they are trained online.
Cuemath is one player in education sector along with Vidyanext, Genius, Flipclass and Vedantu. Investments in Indian education start-ups picked up this year only when Byju’s (offers (learning programmes for Class 6 to 12 students and preparation programmes for competitive exams) raised $75 million in March alone, which is lot more than $70 MN raised by all Ed-Tech startup last year.
