They hope to more than double their number of learning centers to 5,000 across the country by 2018
Bengaluru math startup Cuemath is hitting the big time following an announcement Monday it raised $15 million from one of Google’s investment arms, CapitalG, and Sequoia India.
Their curriculum was designed by grads and staff from IIT, Stanford, Harvard, Cambridge, and IIM among other top-tier schools, the company told Geektime. They boast a nationwide presence of 200 full-time employees in cities like Bengaluru, Delhi, Mumbai, Chennai, Hyderabad and Pune.
Cuemath operates more than 2,000 after-school programs across India to tutor kids between Kindergarten and 8th grade struggling in different divisions of the field. They claim upwards of 10,000 Indian kids have benefited from their company’s lessons. The money will reportedly go to expanding to as many as 5,000 centers for four times as many children by spring 2018.
“We strive to make children great at math with the belief that math can transform a child’s future,” CEO Manan Khurma told Geektime. “The centers are managed and run by trained and certified Cuemath teachers who share our vision of math excellence.”
This is business, though. Every Cuemath student pays a standard fee, with a certain split in revenues between the company and the teacher.
“Cuemath students go beyond simply knowing mathematical procedures – they can tell you how and why those procedures work. That’s the kind of deep mathematical understanding that our students build.” claimed Nikhil Pawar, Cuemath Head of Curriculum, in the company’s press release.
The company’s expansion in India is a sure thing, but they are eyeing places to start pilots outside of India without naming any specific countries.
“Data and technology is used to define each student’s learning trajectory and guide the Cuemath Teacher on exactly what to teach and how to teach it. We believe this kind of in-person learning is extremely valuable from a young learner’s perspective,” added Khurma.
That is what they say sets the company apart from others, to the point they say they have no real direct competition in the Indian market as of yet. Even if it were to rise, he says that would actually help fulfill the company’s mission statement.
“We’d be more than happy if other players were to take our path in this quest of creating a global math revolution.”