CapitalG leads $15m round for India's Cuemath

Existing investor Sequoia Capital, which participated in the company’s $4 million Series A round last year alongside Unitus Seed Fund, also joined the latest round. The new capital will be used to improve Cuemath’s teaching systems and expand to more cities.

Cuemath offers after school mathematics lessons to preschool and elementary-aged children out of centers based in teachers’ homes. Its educators are primarily women who want to change careers or restart their careers after leaving the work force. Since its founding in 2013, Cuemath has grown to over 2,000 learning centers with 10,000 students, and it hopes to have 5,000 centers with 40,000 students by 2018.

The company has also developed software to collect and analyze data about student performance, with the goal of customizing lesson plans to match individual students’ needs. Cuemath believes the data it collects will also give it a long-term edge over its rivals.

“The most exciting aspect about the Cuemath program is how the unique technology and learning system inspire a love for mathematics in children at a very young age,” said Abheek Anand, a principal with Sequoia, in a statement. “Manan [Khurma, the founder] and the team have spent years perfecting a new way of teaching math to young children and delivering it through a unique partner model, and this round of funding gives them the ability to expand the business dramatically.”

CapitalG launched in 2013 with a $300 million fund focused on investments in growth stage technology companies. Its previous India investments include customer support start-up Freshdesk and real estate platform CommonFloor, which was bought last year by classifieds business Quikr at a reported valuation of $120 million.

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• Topics
• South Asia
• Consumer
• Early-stage
• India
• Education
• Google
• Sequoia Capital