December 8, 2020 2 min read You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Beijing-based AI firm Aibee digitizes “space, people, and products” for brick-and-mortar retailers. Cuemath’s valuation reached USD 171 million, recording a rise of 80% compared to its previous valuation of USD 95 million. Lorem ipsum dolor sit amet, consectetur adipiscing elit. A graduate from the University of Delhi who consequently joined The Institute of Chartered Accountants of India, he aims to write in-depth reports on startups and emerging businesses. Gaurav is the Research Lead @ Entrackr and overlooks money trails and financial data as part of the Fintrackr Team. Google-backed edtech startup Cuemath has raised $40 million in its Series C … Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million. Looking over the expense sheet, we see employee benefits expenses stood out as the single biggest cost centre for the Bengaluru-based company, making up 46.2% of the total costs. It was followed by social commerce startup DealShare, which also raised a significant amount as part of its Series C funding round. Lightstone Fund has invested Rs 126.3 crore followed by AWI which pumped in Rs 111.43 crore, regulatory filings show. Further, the company spent an aggregate Rs 12.6 crore on expenditure including IT, communication and printing costs which grew by 20% as compared to Rs 9.7 crore spent during FY19. In January 2017, Cuemath had raised $15 million (Rs 102 crore then) in its Series B round of funding from CapitalG (formerly known as Google Capital) and Sequoia Capital India. Below is the summary of deals closed this week. Each enrolment is funded at the rural per capita rate ($4,553 per child for the calendar year) 46 or more enrolments. CapitalG (formerly known as Google Capital), the growth equity investment fund of Alphabet (Google’s parent company), led this round of funding.. Rural kindergarten funding 2020. Falcon Edge had raised $300 million for its India focused fund Alpha Wave Incubation (AWI) in February this year. Cuemath has leveraged its online live classes to ride the COVID 19 wave and has shifted from its hybrid model of live online classes along with physical learning centres to only online teaching. The company had raised $40 million in its Series C round co-led by Lightstone Fund and Falcon Edge in December last year as it looks forward to scaling up its operations and reaching a wider audience base. These expenses grew by 3.84% to Rs 38.7 crore in FY20. Embed Graph. Cuemath: Edtech startup Cuemath … Chhavideep Singh December 9, 2020. Business Education Startups. Annual losses have also dropped by 1.8% to Rs 55.34 crore during the fiscal ended in March 2020 and EBITDA margins have improved from -330.86% in FY19 to -178.61 during FY20. Cuemath is a math learning program for children aged 4 to 14 (Kindergarten to Grade 8). We focus on building the fundamentals of math in a fun way to ensure even a child who has given up on math actually starts enjoying it - and becomes great at it. Furthermore, it said its digital platform grew four-fold in the past six to eight months and now has over 500,000 hours of live classes. A digital media company reporting on the most promising technology-driven businesses and trends in the world's emerging markets. Cuemath Capital Raised. Byju’s, world’s largest edtech startup has alone raised USD 1.2 billion in 2020. In most cases, students can remember all the exercises and score well in exams. Second in line were the advertisement and marketing costs which increased by nearly 22% to Rs 19.4 crore during FY20 from Rs 15.93 crore in FY19. source: Unsplash. BYJU’S founders on the rise of edtech amid COVID-19 and how the startup clocked Rs 350 Cr sales in a month . The edtech platform generated 86% of its operating revenue through the said franchise fee charged from teachers and the remaining 14% was collected from the sale of educational material. This week, Alpha Wave Incubation, Lightstone Fund, and other existing investors participated in Sequoia-backed Cuemath’s $40.9 million fundraise. 1 History; 2 Philosophy; 3 Funding; 4 Program … YourStory 05 Mar 2020 [Funding alert] Edtech startup Cuemath raises $5.5M in an extended Series B round. This program is offered at home-based centers across India, and is built by Cuelearn Pvt Ltd, a Bangalore based math education company. 25 Jan 2021.css-wazei9{margin-left:0.5em;margin-right:0.5em;}•04:55 AM. Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. December 12, 2020 This week 18 Indian startups raised funding, of which 14 received a total sum of about $118 million. Capital G, Sequoia, and Manta Ray Ventures pumped in USD 5 million, USD 1 million, and USD 2 million, respectively. Mathematics focussed learning platform Cuemath has managed to double its scale of operations in the last fiscal year claiming to teach more than forty thousand students via its teacher network. Meanwhile, funding for 4 of the total funded startups remained undisclosed. Cuemath is a technology-led innovative after-school math program for K8 students offered through a network of home-based learning centers. According to the regulatory filings, Cuemath has allotted 200 equity shares and 144,618 Series C CCPS (Compulsory Convertible Preference Shares) at an issue price of USD 278.05 per share to raise the amount, a report by local media Entrackr said. Edtech start-up Cuemath bags $40M in Series C funding round, valuation hits $170M. According to industry executives tracking the funding activity, edtech startups raked in almost one-third of the VC funding this year, which stood at about USD 7 billion by September. This round of investment valued Cuemath at USD 171 million, recording a rise of 80% compared to its previous valuation of USD 95 million during its last investment, the report added. Cuemath is backed by Alphabet Inc, CapitalG, Lightstone Fund, Manta Ray Ventures, Trifecta Capital, Sequoia India, Falcon Edge’s Alpha Wave Incubation, Unitus Ventures and others. Annual losses have also dropped by 1.8% to Rs 55.34 crore during the fiscal ended in March 2020 and EBITDA margins have improved from -330.86% in FY19 to -178.61 during FY20. Cuemath has passed a special resolution to allot 200 equity shares and 144,618 Series C CCPS at an issue price of Rs 20,518.56 per share to raise the amount. Last published 10 Aug 2020 Up to $1.5 million is available for new Youth Opportunities projects to commence in 2021 The Youth Opportunities program provides one-off, time-limited grants between $10,000 and $50,000 to not-for-profit organisations and local councils for youth-led and youth-driven community projects that have a positive youth development focus. The company claimed it has delivered over 25 million classes to over 100,000 students across geographies. Reading time: 1 minute. While the collections have doubled during the previous fiscal, Cuemath’s overall costs have witnessed only a marginal uptick as the company benefited from its minimal capex model. The company raised $40M in a Series C round on Dec 07, 2020. Google-backed online maths learning startup Cuemath has raised $40 million in Series C funding. Click edit button to change this text. Cuemath: . YourStory 10 Dec 2019. Google-backed edtech startup Cuemath raises USD 40 million from Lightstone Aspada and Alpha Wave Incubation. In April 2019, the company revised its agreements with the teachers on its platform and shifted to a franchise-based model where Cuemath would provide the services of fee collection, education material and customer acquisition to the teachers and charge a fee for the same in place of a revenue-sharing model it was following previously. Founding Date: 2011: Cuemath: total Funding$19 m: Cuemath: latest funding size$15 m: Time since last funding: 4 years ago: Cuemath: investorsSequoia Capital, Unitus Seed Fund, CapitalG, Alphabet. Meanwhile, Cuemath’s latest funding comes after a year the startup had raised $5.5 million in an extended Series B round led by Manta Ray Ventures in December 2019. Math learning startup Cuemath has raised $40 million (Rs 297 crore) in its Series C round of funding led by impact investor Lightstone Fund and Falcon Edge’s Alpha Wave Incubation. According to their website, Cuemath had around 5000 teachers and 50,000 students as of October 2019. Sequoia Capital Overall employee rating is 3.7 out of 5 (as of 17th Nov 2020) Existing investors CapitalG, which is Google’s venture capital arm, and Sequoia Capital also participated in this round. Edtech startups raised a record $1.8 billion in funding in 2020. Total expenditure during FY20 amounted to Rs 83.8 crore, increased by only 15.8% as compared to Rs 72.4 crore it spent during FY19. by KrAsia 2020-12-09 . How Cuemath is redefining the concept of learning math . .css-1u2pdc2{color:inherit;display:inline-block;}.css-1u2pdc2:hover,.css-1u2pdc2[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}Ursula Florene. As important as mathematics is for the development of a human mind, education technology start-up, Cuemath is founded with the sole aim of building a … Cuemath intends to open up 5,000 centers and enroll 40,000 children in the program by March 2018. September 14, 2020 463 Bengaluru-based ed-tech startup Cuemath is in talks with Falcon Edge’s India focused fund to raise $40-45 million in a fresh round. Contents. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Picus will invest up to USD 75 million in Asia’s early-stage tech startups. It is with great pleasure that we share this: CapitalG and Sequoia India have invested in Cuemath. Second in line were the advertisement and marketing costs which increased by nearly 22% to Rs 19.4 crore during FY20 from Rs 15.93 crore in FY19. Bengaluru-based edtech startup Cuemath has raised USD 40 million in Series C round co-led by LGT Lightstone Aspada and Alpha Wave Incubation (AWI), a VC fund managed by Falcon Edge Capital. Debangana Ghosh 11 Dec, 2020 The edtech segment in India continues to garner investor interest. At Cuemath, the approach towards learning math is very different. 1 – 18 enrolments. Looking over the expense sheet, we see employee benefits expenses stood out as the single biggest cost centre for the Bengaluru-based company, making up 46.2% of the total costs. Founded in 2013, Cuemath offers online math learning and coding program for school students across kindergarten to grade 10 in over 10 countries including India, UK, USA, UAE, Singapore, Canada, Thailand, Indonesia, Egypt, Nigeria, Nepal, and Bangladesh. 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Deals in ed-tech Ed-tech has become one of the most popular startup segments this year, with Covid-19-induced lockdowns having boosted both user numbers and cheque sizes in the space. View company info, jobs, team members, culture, funding and more. Funding in Indian startups this week (18 Jan-23 Jan), Exclusive: Kids-focused fintech platform Junio mops up seed round, Bytedance set to wrap up Indian ops and lay off over 1,800 employees, Swiggy’s topline reaches Rs 2,956 Cr in FY20; outstanding losses shoot up to Rs 7,003 Cr, Banned Chinese apps SHAREit and AppLock manage to get downloads in India, Cuemath’s topline jumps 2X to Rs 24 Cr; manages to shrink losses in FY20, Crofarm records 2.2X revenue growth in FY20; claims 5,000 daily orders with Otipy, Rapido posts 10X topline growth; spent Rs 350 Cr in FY20, Licious allots equity shares under ESOP to its employee welfare trust; topline jumps 90% in FY20, Register for Unicorn Trip 3.0 Overall, 15 startups raised $157.3 million, with most being in the growth stage of funding. Cuemath's latest funding round in January 2017 was reported to be $15 m. In total, Cuemath has raised $19 m . With increased collections and somewhat stable rate of cashburn, Cuemath has reduced its net cash outflow from operations by 2.5% to Rs 36.3 crore during FY20. Google-backed online maths learning startup Cuemath has raised $40 million in Series C funding. Existing backers, Sequoia Capital, Google’s investment arm Capital G, and Manta Ray also participated in the round. Posted on December 8, 2020 CueMath, one of India’s rising edutech startups, has just raised $40 Mn in a series C funding round. Before that, the company had raised $15 million in its Series B round from CapitalG and Sequoia Capital India in 2017. The edtech platform generated 86% of its operating revenue through the said franchise fee charged from teachers and the remaining 14% was collected from the sale of educational material. Will my child do better in exams after Cuemath? Math learning startup Cuemath received a big Series C cheque to dominate the venture funding chart this week. Bengaluru-headquartered edtech startup Cuemath, which is run by CueLearn, is reportedly in talks to raise $40 Mn – $45 Mn funding in Series C round from … Facebook; Twitter; LinkedIn; Email; WhatsApp; Reddit; Flipboard; Source: Cuemath. ALSO READ. Bengaluru-based edtech startup Cuemath has raised USD 40 million in Series C round co-led by LGT Lightstone Aspada and Alpha Wave Incubation (AWI), a VC fund managed by Falcon Edge Capital. Written by .css-15jcovi{-webkit-text-decoration:underline;text-decoration:underline;display:block;}@media screen and (min-width: 48em){.css-15jcovi{display:inline;}}Moulishree Srivastava .css-1dheh79{margin-left:5px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;margin-top:30px;}@media screen and (min-width: 48em){.css-1dheh79{margin-top:0;}}Published on 8 Dec 2020.css-1pzjc6w{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-transition:all 250ms;transition:all 250ms;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:middle;outline:none;width:auto;line-height:inherit;border-radius:0;font-weight:600;height:32px;min-width:0;font-size:24px;padding-left:1rem;padding-right:1rem;background:none;color:inherit;margin:0;padding:0;margin-left:8px;}.css-1pzjc6w:focus,.css-1pzjc6w[data-focus]{box-shadow:0 0 0 3px rgba(66, 153, 225, 0.6);}.css-1pzjc6w[disabled],.css-1pzjc6w[disabled]:focus,.css-1pzjc6w[disabled]:hover,.css-1pzjc6w[aria-disabled=true],.css-1pzjc6w[aria-disabled=true]:focus,.css-1pzjc6w[aria-disabled=true]:hover,.css-1pzjc6w[data-disabled],.css-1pzjc6w[data-disabled]:focus,.css-1pzjc6w[data-disabled]:hover{opacity:0.4;cursor:not-allowed;box-shadow:none;}.css-1pzjc6w:hover[disabled],.css-1pzjc6w[data-hover][disabled],.css-1pzjc6w:hover[disabled]:focus,.css-1pzjc6w[data-hover][disabled]:focus,.css-1pzjc6w:hover[disabled]:hover,.css-1pzjc6w[data-hover][disabled]:hover,.css-1pzjc6w:hover[aria-disabled=true],.css-1pzjc6w[data-hover][aria-disabled=true],.css-1pzjc6w:hover[aria-disabled=true]:focus,.css-1pzjc6w[data-hover][aria-disabled=true]:focus,.css-1pzjc6w:hover[aria-disabled=true]:hover,.css-1pzjc6w[data-hover][aria-disabled=true]:hover,.css-1pzjc6w:hover[data-disabled],.css-1pzjc6w[data-hover][data-disabled],.css-1pzjc6w:hover[data-disabled]:focus,.css-1pzjc6w[data-hover][data-disabled]:focus,.css-1pzjc6w:hover[data-disabled]:hover,.css-1pzjc6w[data-hover][data-disabled]:hover{background:initial;}@media screen and (min-width: 62em){.css-1pzjc6w{font-size:18px;height:24px;}}. YourStory 09 Jul 2020. To find out about these and other venture deals involving tech startups this week, watch the video. Cuemath spent Rs 3.96 to earn a single rupee of operating revenue, improving by 34.3% as compared to Rs 6.04  it spent to earn the same during FY19. Lorem ipsum dolor sit amet, consectetur adipiscing elit. This comes at a time when investors are bullish on the edtech sector in the world’s second-most-populous country. allotted 200 equity shares and 144,618 Series C CCPS (Compulsory Convertible Preference Shares) at an issue price of USD 278.05 per share Share on. These expenses grew by 3.84% to Rs 38.7 crore in FY20. - Seats Limited to 100 Only (First Come First Serve). On a similar trajectory, Cuemath’s revenue from operations has surged 2.04X to Rs 24.43 crore during the fiscal ended in March 2020 from nearly Rs 12 crore during FY19. DealStreetAsia - Venture Capital Archives 08 Dec 2020. This brings Cuemath's total funding to $67.4M to date. 28 December 2020. On a similar trajectory, Cuemath’s revenue from operations has surged 2.04X to Rs 24.43 crore during the fiscal ended in March 2020 from nearly Rs 12 crore during FY19. Summary Metrics. Meanwhile, Unacademy has raised over USD 150 million, while Vedantu received over USD 100 million this year. Cuemath General Information Description. Developer of an educational platform intended to make every aspect of mathematics engaging and comprehensive. However, as the industry is still in the early stages, skepticism, inadequate digital infrastructure, and insufficient support affect young players’ aspirations. The round was … New Delhi: Education start-up Cuemath, run by Cuelearn Pvt. For now, about 10,000 students are linked up the platform besides 1500 teachers onboard. Lightstone Aspada invested USD 17.1 million in Cuemath, while AWI wrote a USD 15 million check. Shashank Didmishe 9 Jul, 2020 Bengaluru headquartered CueLearn, which runs edtech platform Cuemath, has raised $2.7 million (Rs 20 crore at current exchange rates) in a mix of equity and debt issue from Trifecta Capital’s venture debt fund. Total expenditure during FY20 amounted to Rs 83.8 crore, increased by only 15.8% as compared to Rs 72.4 crore it spent during FY19. With increased collections and somewhat stable rate of cashburn, Cuemath has reduced its net cash outflow from operations by 2.5% to Rs 36.3 crore during FY20. This comes on the top of the extended series B round worth $5.5 Mn that took place in December last year. Cuemath spent Rs 3.96 to earn a single rupee of operating revenue, improving by 34.3% as compared to Rs 6.04  it spent to earn the same during FY19. It had raised USD 5.5 million in its Series B round last December. TruMath, Doubtnut, Cuemath — these edtech startups are helping students deal with maths anxiety. Mathematics focussed learning platform Cuemath has managed to double its scale of operations in the last fiscal year claiming to teach more than forty thousand students via its teacher network. Google-Backed Indian Edtech Startup Cuemath Raises USD 40 Million from Lightstone Aspada And Alpha Wave Incubation . In April 2019, the company revised its agreements with the teachers on its platform and shifted to a franchise-based model where Cuemath would provide the services of fee collection, education material and customer acquisition to the teachers and charge a fee for the same in place of a revenue-sharing model it was following previously. Cuemath also offers online coding classes. Latest Updates. Edtech platforms are targeting the labor force with practical classes such as programming, animation, and design. $81,954 Base funding equivalent to 18 enrolments at the rural per capita rate ($4,553 per child for the calendar year) 19 – 45 enrolments. 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