CueMath, Indian Edtech startup based out of Delhi has raised $4 million in Series A round led by Sequoia Capital India. The funding round also saw participation from existing investor, Unitus Seed Fund.
CueMath was founded in 2013 by Jagjit Khurma and Manan Khurma. It provides school learning programs for mathematics. The program by CueMath makes it easy for the students to learn Maths engaging with the content using worksheets and tests provided. The well trained team at CueMath makes sure that the problems are addressed in the best possible way without adding much to the burden of students.
The raised funds will be used to hire more people as the startup is planning to increase the number of teachers by over 4 times. It currently has 1200 teachers on platform and it plans to take the count to 5000 in the coming months. Along with that, the raised funds will also be used to expand to the international markets.
The startup has presence in cities like New Delhi, Bangalore, Mumbai, Hyderabad, Pune and Chennai. Prior to the latest fund raise, it had also raised an undisclosed amount of funding from Alok Mittal in August 2015.