Debangana Ghosh 11 Dec, 2020 The edtech segment in India continues to garner investor interest. Cuemath intends to open up 5,000 centers and enroll 40,000 children in the program by March 2018. Google-backed edtech startup Cuemath has raised $40 million in its Series C … Beijing-based AI firm Aibee digitizes “space, people, and products” for brick-and-mortar retailers. Overall, 15 startups raised $157.3 million, with most being in the growth stage of funding. DealStreetAsia - Venture Capital Archives 08 Dec 2020. Google-backed online maths learning startup Cuemath has raised $40 million in Series C funding. 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. This comes at a time when investors are bullish on the edtech sector in the world’s second-most-populous country. Cuemath General Information Description. 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. Sequoia Capital Overall employee rating is 3.7 out of 5 (as of 17th Nov 2020) 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 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. 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. 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. It is with great pleasure that we share this: CapitalG and Sequoia India have invested in Cuemath. 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. How Cuemath is redefining the concept of learning math . by KrAsia 2020-12-09 . Posted on December 8, 2020 CueMath, one of India’s rising edutech startups, has just raised $40 Mn in a series C funding round. 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. 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. allotted 200 equity shares and 144,618 Series C CCPS (Compulsory Convertible Preference Shares) at an issue price of USD 278.05 per share TruMath, Doubtnut, Cuemath — these edtech startups are helping students deal with maths anxiety. $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. To find out about these and other venture deals involving tech startups this week, watch the video. Contents. Edtech start-up Cuemath bags $40M in Series C funding round, valuation hits $170M. 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 … Falcon Edge had raised $300 million for its India focused fund Alpha Wave Incubation (AWI) in February this year. Existing backers, Sequoia Capital, Google’s investment arm Capital G, and Manta Ray also participated in the round. 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. Math learning startup Cuemath received a big Series C cheque to dominate the venture funding chart this week. 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. 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. YourStory 10 Dec 2019. source: Unsplash. Embed Graph. Cuemath is a math learning program for children aged 4 to 14 (Kindergarten to Grade 8). Click edit button to change this text. 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. Gaurav is the Research Lead @ Entrackr and overlooks money trails and financial data as part of the Fintrackr Team. Cuemath’s valuation reached USD 171 million, recording a rise of 80% compared to its previous valuation of USD 95 million. Google-Backed Indian Edtech Startup Cuemath Raises USD 40 Million from Lightstone Aspada And Alpha Wave Incubation . Edtech startups raised a record $1.8 billion in funding in 2020. 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. December 12, 2020 This week 18 Indian startups raised funding, of which 14 received a total sum of about $118 million. Google-backed edtech startup Cuemath raises USD 40 million from Lightstone Aspada and Alpha Wave Incubation. Google-backed online maths learning startup Cuemath has raised $40 million in Series C funding. 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. Meanwhile, Unacademy has raised over USD 150 million, while Vedantu received over USD 100 million this year. 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. Picus will invest up to USD 75 million in Asia’s early-stage tech startups. Meanwhile, funding for 4 of the total funded startups remained undisclosed. 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. 1 – 18 enrolments. Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >. 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. 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. Share on. Cuemath's latest funding round in January 2017 was reported to be $15 m. In total, Cuemath has raised $19 m . Summary Metrics. 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. This comes on the top of the extended series B round worth $5.5 Mn that took place in December last year. 25 Jan 2021.css-wazei9{margin-left:0.5em;margin-right:0.5em;}•04:55 AM. 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 … Before that, the company had raised $15 million in its Series B round from CapitalG and Sequoia Capital India in 2017. 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. 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. - Seats Limited to 100 Only (First Come First Serve). In most cases, students can remember all the exercises and score well in exams. 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. This brings Cuemath's total funding to $67.4M to date. Byju’s, world’s largest edtech startup has alone raised USD 1.2 billion in 2020. Reading time: 1 minute. Latest Updates. 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. Edtech platforms are targeting the labor force with practical classes such as programming, animation, and design. CapitalG (formerly known as Google Capital), the growth equity investment fund of Alphabet (Google’s parent company), led this round of funding.. Chhavideep Singh December 9, 2020. Business Education Startups. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cuemath: . Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. .css-1u2pdc2{color:inherit;display:inline-block;}.css-1u2pdc2:hover,.css-1u2pdc2[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}Ursula Florene. Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million. 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. It had raised USD 5.5 million in its Series B round last December. Developer of an educational platform intended to make every aspect of mathematics engaging and comprehensive. BYJU’S founders on the rise of edtech amid COVID-19 and how the startup clocked Rs 350 Cr sales in a month . 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