Online Math Learning startup CueMath raises $40 Mn Funding

CueMath, one of India’s rising edutech startups, has just raised $40 Mn in a series C funding round. This comes on the top of the extended series B round worth $5.5 Mn that took place in December last year.

However, the Bengaluru based startup’s valuation continues to hover around the lower benchmark, with reports claiming that the current round valuing the company around $170 Mn.

CueMath claims that it has so far conducted roughly 25 Mn classes for over roughly 100,000 students in the country.

The startup also claims that it has grown exponentially over last 6 months, benefiting from the Covid – 19 lockdown.

CueMath basically offers online math classes by leveraging some unique methods like interactive math worksheets, Math Olympiad and Maths tips & tricks.

Who are CueMaths Competitors? 

  • Abacus

  • Kumon

  • Mathnasium

  • Vedantu

  • Byju’s

Among the above mentioned competitors, Byju’s, Vedantu and Topprs are big players and also cater to other subjects while Maths subject remains one of its primary focuses.

Overall, India’s online education market has been on a fire with nationwide lockdown shifting the academical education from offline to online. Although industry experts argue that online classes can never really substitute offline learning, they agree that online classes will still continue to grow.

India’s Edutech Market Size in Numbers

Data sourced from Reseer Consulting and INC42 data lab 

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