Education is one of the best businesses in India. Startups have been catching up to the fact lately and a string of online businesses catering to education have cropped up and have been attracting funds from investors. The latest example is Cuemath, which has raised $ 4 million (around Rs 27 crore) in funding from Sequoia India and existing investor Unitus Seed Fund.
The company had previously raised Rs one crore in a seed funding round from United Seed Fund in 2014.
As the name implies, the startup facilitates math learning for primary school students. The platform in unique in the way it offers maths — a subject which is usually considered the toughest by a vast majority of Indian students — in a gamified form to its students.
Speaking on the topic, Manan Khurma, founder of Cuemath said,
Each child works on his/her own learning trajectory , independent of the next child. This is possible since ours is a learning-by-doing model and the teacher is only facilitating the learning process instead of teaching.
Khurma himself is an IIT Delhi Graduate and an author with noted publishers like Pearson and Mcgraw Hill.
The company currently has around 1,200 teachers on board, who are mostly well-educated homemakers looking for something to do. The company is hoping to take the number up to 5,000 by march, next year. However, it has no plans to expand into other subjects at the moment.
We don’t have any near-term plans of building learning programs for other subjects. Our ambition is to expand our unique math learning program to various cities in India and other geographies outside India. We are looking at a 4-5x growth in the number of teachers and 20 x growths in students by the end of March 2017.
The syllabus provided by the platform has a unique 3-domain approach and covers school math, mental aptitude, and creative logic. The learning activities are also carefully calibrated, sequenced and formulated into engaging practice exercises.
Speaking about the investment, Abheek Anand, Principal, Sequoia Capital India Advisors said,
This is a company that marries strong performance with a mission to solve a very real problem faced in this country today – how to enable millions of educated, talented women to employ their skills from the flexibility of their home.
The company currently operates in Bengaluru, Delhi, Mumbai, Pune, Hyderabad, and Chennai.