Business Standard

Online math class platform Cuemath raises $57 mn, tops $407 mn valuation

The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

FPI, foreign investments, investors, FDI, funding, growth, market

Peerzada Abrar Bengaluru
Cuemath, the one-on-one online math tutoring platform, has raised $ 57 million in a fresh round led by Alpha Wave at a valuation of  $407 million – a more than 2X jump in valuation. The funding comes at a time when the falling valuations, slowing funding rounds and faltering investor sentiments, have prompted many start-ups, especially in the edtech sector, to lay off employees in a bid to conserve cash.

The funds will fuel strengthening product-pedagogy outcomes, hypergrowth initiatives, acquisition and partnerships, and catalyse its efforts to build a strong global math brand. Currently present in more than 70 countries,

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First Published: Jun 01 2022 | 7:05 PM IST

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