CueMath
Founded Year
2013Stage
Series D | AliveTotal Raised
$127.6MValuation
$0000Last Raised
$57M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-32 points in the past 30 days
About CueMath
CueMath is an edtech company specializing in math learning for K-12 students. The company offers online one-on-one tutoring, providing a customizable curriculum tailored to individual student needs, including homework help, exam preparation, and remedial support. CueMath's services are designed to cater to a global student base, with a focus on creating a personalized learning experience. It was founded in 2013 and is based in Bengaluru, India.
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Research containing CueMath
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned CueMath in 1 CB Insights research brief, most recently on Nov 14, 2023.
Expert Collections containing CueMath
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CueMath is included in 1 Expert Collection, including Education Technology (Edtech).
Education Technology (Edtech)
3,423 items
These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.
Latest CueMath News
Oct 29, 2024
The Manan Khurma-led edtech firm reported an operating revenue of Rs 126.4 crore in FY24, a 4.9% increase from the Rs 120.5 crore reported in the previous fiscal year. Tuesday October 29, 2024 , 2 min Read Peak XV-backed edtech startup Cuemath reduced its losses by more than a third in the financial year 2023-24 (FY24) while its revenue grew marginally compared to the last fiscal. According to its consolidated financial statements, the edtech firm’s expenses dropped by 29.9%, down to Rs 360.4 crore in FY24, compared to Rs 252.6 crore in FY23. Cuemath's reduction in expenses enabled it to substantially narrow its losses to Rs 134.5 crore in FY24, down 42.7% from Rs 234.7 crore incurred in the previous financial year. The Manan Khurma-led firm reported an operating revenue of Rs 126.4 crore in FY24, a 4.9% increase from the Rs 120.5 crore in the previous fiscal year. Cuemath—which generates most of its revenue from teaching, with the remaining coming as franchisee and teachers onboarding fees—clocked a total revenue of Rs 131.9 crore, up 4.6% annually, including interest income from current investments. Founded in 2013 by Khurma and Jagjit Khurma, the Bengaluru-based edtech offers mathematics-focused online learning programmes for K-12 (kindergarten to class 12) students. The narrowing of losses is primarily due to reduced spending on employee benefits, which, despite being the firm’s second-largest expense category, fell to Rs 114.2 crore—a 34.2% year-on-year decrease. It includes Rs 2.8 crore in costs related to the employee stock option scheme (ESOP) and employee stock purchase plan, down 89.7% from Rs 27.2 crore in the previous year. Amid a challenging environment for K-12 edtech firms, the Peak XV Partners and Alpha Wave Global-backed learning platform has reduced its workforce with multiple rounds of job cuts. Moreover, as part of its cost-cutting measures, Cuemath reduced its advertising and promotional expenses by more than half, totalling Rs 24.1 crore in FY24 compared with Rs 55.1 crore in FY23. The math learning startup has raised a total funding of $126 million over nine rounds, according to Tracxn. In June 2022, it raised $57 million in a round led by Alpha Wave Global at a valuation of $407 million. The edtech industry is facing a challenging time, marked by waning investor interest and reduced demand for online learning in the aftermath of the pandemic. Edited by Suman Singh
CueMath Frequently Asked Questions (FAQ)
When was CueMath founded?
CueMath was founded in 2013.
Where is CueMath's headquarters?
CueMath's headquarters is located at Plot No. 7, 80 Feet Road, Bengaluru.
What is CueMath's latest funding round?
CueMath's latest funding round is Series D.
How much did CueMath raise?
CueMath raised a total of $127.6M.
Who are the investors of CueMath?
Investors of CueMath include Peak XV Partners, CapitalG, Manta Ray Ventures, Unitus Ventures, Lightrock and 5 more.
Who are CueMath's competitors?
Competitors of CueMath include upGrad and 7 more.
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Compare CueMath to Competitors
Vedantu provides an online tutoring platform. It offers courses for the Central Board of Secondary Education (CBSE) and the Indian Certificate of Secondary Education (ICSE) board provides doubt-clearing sessions for students of all grades and boards and also enables its users to interact live in class. The company was founded in 2011 and is based in Bengaluru, India.
Unacademy focuses on online education, operating within the edtech industry. The company offers a platform for learning, providing live classes, video lessons, and practice sections for various exams and courses. It primarily serves the education sector, catering to learners preparing for a wide range of examinations. It was founded in 2015 and is based in Bangalore, India.
Edubuk focuses on helping youth learn emerging technologies through its educational programs in the e-learning sector. The company offers a Certified Emerging Technologies Analyst (CETA) Program that provides fundamental to expert-level knowledge in various technologies, including AI, ML, Blockchain, and Data Analytics, without requiring coding expertise. The CETA Program is designed to prepare individuals for the job market by teaching in-demand skills related to the 4th Industrial Revolution. It was founded in 2018 and is based in Hyderabad, India.
SpeedLabs is a personalized learning platform specializing in hybrid education for students in grades 6 to 12, focusing on competitive exams like JEE and NEET as well as CBSE and ICSE curriculums. The company offers an AI and ML empowered platform that provides adaptive practice, educational analytics, and interactive classes designed to enhance students' conceptual understanding and performance. SpeedLabs primarily serves the education sector, with a focus on students and coaching centers seeking comprehensive learning solutions. It was founded in 2015 and is based in Mumbai, India.
upGrad provides a range of online degree courses and professional upskilling opportunities across various domains such as business administration, data science, and technology. It caters to professionals looking to enhance their skills and advance their careers through rigorous and immersive learning experiences. It was founded in 2015 and is based in Mumbai, India.
Embibe is a company that focuses on artificial intelligence-powered learning, operating within the education technology sector. The company offers a learning platform designed to help students prepare for a variety of exams, including those for CBSE, ICSE, IB, State Boards, JEE, NEET, BITSAT, AIIMS, Banking, Insurance, Railways, SSC, Defence, and UPSC. It was founded in 2012 and is based in Bengaluru, India. Embibe operates as a subsidiary of Jio.
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