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. 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. Debangana Ghosh 11 Dec, 2020 The edtech segment in India continues to garner investor interest. YourStory 05 Mar 2020 [Funding alert] Edtech startup Cuemath raises $5.5M in an extended Series B round. A digital media company reporting on the most promising technology-driven businesses and trends in the world's emerging markets. Embed Graph. Written by .css-15jcovi{-webkit-text-decoration:underline;text-decoration:underline;display:block;}@media screen and (min-width: 48em){.css-15jcovi{display:inline;}}Moulishree Srivastava .css-1dheh79{margin-left:5px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;margin-top:30px;}@media screen and (min-width: 48em){.css-1dheh79{margin-top:0;}}Published on 8 Dec 2020.css-1pzjc6w{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-transition:all 250ms;transition:all 250ms;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:middle;outline:none;width:auto;line-height:inherit;border-radius:0;font-weight:600;height:32px;min-width:0;font-size:24px;padding-left:1rem;padding-right:1rem;background:none;color:inherit;margin:0;padding:0;margin-left:8px;}.css-1pzjc6w:focus,.css-1pzjc6w[data-focus]{box-shadow:0 0 0 3px rgba(66, 153, 225, 0.6);}.css-1pzjc6w[disabled],.css-1pzjc6w[disabled]:focus,.css-1pzjc6w[disabled]:hover,.css-1pzjc6w[aria-disabled=true],.css-1pzjc6w[aria-disabled=true]:focus,.css-1pzjc6w[aria-disabled=true]:hover,.css-1pzjc6w[data-disabled],.css-1pzjc6w[data-disabled]:focus,.css-1pzjc6w[data-disabled]:hover{opacity:0.4;cursor:not-allowed;box-shadow:none;}.css-1pzjc6w:hover[disabled],.css-1pzjc6w[data-hover][disabled],.css-1pzjc6w:hover[disabled]:focus,.css-1pzjc6w[data-hover][disabled]:focus,.css-1pzjc6w:hover[disabled]:hover,.css-1pzjc6w[data-hover][disabled]:hover,.css-1pzjc6w:hover[aria-disabled=true],.css-1pzjc6w[data-hover][aria-disabled=true],.css-1pzjc6w:hover[aria-disabled=true]:focus,.css-1pzjc6w[data-hover][aria-disabled=true]:focus,.css-1pzjc6w:hover[aria-disabled=true]:hover,.css-1pzjc6w[data-hover][aria-disabled=true]:hover,.css-1pzjc6w:hover[data-disabled],.css-1pzjc6w[data-hover][data-disabled],.css-1pzjc6w:hover[data-disabled]:focus,.css-1pzjc6w[data-hover][data-disabled]:focus,.css-1pzjc6w:hover[data-disabled]:hover,.css-1pzjc6w[data-hover][data-disabled]:hover{background:initial;}@media screen and (min-width: 62em){.css-1pzjc6w{font-size:18px;height:24px;}}. September 14, 2020 463 Bengaluru-based ed-tech startup Cuemath is in talks with Falcon Edge’s India focused fund to raise $40-45 million in a fresh round. Edtech platforms are targeting the labor force with practical classes such as programming, animation, and design. Lightstone Fund has invested Rs 126.3 crore followed by AWI which pumped in Rs 111.43 crore, regulatory filings show. The edtech platform generated 86% of its operating revenue through the said franchise fee charged from teachers and the remaining 14% was collected from the sale of educational material. DealStreetAsia - Venture Capital Archives 08 Dec 2020. 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. Looking over the expense sheet, we see employee benefits expenses stood out as the single biggest cost centre for the Bengaluru-based company, making up 46.2% of the total costs. 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 … Cuemath spent Rs 3.96 to earn a single rupee of operating revenue, improving by 34.3% as compared to Rs 6.04 it spent to earn the same during FY19. 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. Posted on December 8, 2020 CueMath, one of India’s rising edutech startups, has just raised $40 Mn in a series C funding round. 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. Cuemath General Information Description. Edtech start-up Cuemath bags $40M in Series C funding round, valuation hits $170M. Cuemath: . 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. 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. The company claimed it has delivered over 25 million classes to over 100,000 students across geographies. Google-backed edtech startup Cuemath has raised $40 million in its Series C … December 8, 2020 2 min read You're reading Entrepreneur India, an international franchise of Entrepreneur Media. ALSO READ. BYJU’S founders on the rise of edtech amid COVID-19 and how the startup clocked Rs 350 Cr sales in a month . According to their website, Cuemath had around 5000 teachers and 50,000 students as of October 2019. While the collections have doubled during the previous fiscal, Cuemath’s overall costs have witnessed only a marginal uptick as the company benefited from its minimal capex model. 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. Contents. This comes at a time when investors are bullish on the edtech sector in the world’s second-most-populous country. It is with great pleasure that we share this: CapitalG and Sequoia India have invested in Cuemath. Reading time: 1 minute. Chhavideep Singh December 9, 2020. Business Education Startups. 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. 25 Jan 2021.css-wazei9{margin-left:0.5em;margin-right:0.5em;}•04:55 AM. Share on. 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. Before that, the company had raised $15 million in its Series B round from CapitalG and Sequoia Capital India in 2017. The round was … Meanwhile, funding for 4 of the total funded startups remained undisclosed. Furthermore, it said its digital platform grew four-fold in the past six to eight months and now has over 500,000 hours of live classes. Founding Date: 2011: Cuemath: total Funding$19 m: Cuemath: latest funding size$15 m: Time since last funding: 4 years ago: Cuemath: investorsSequoia Capital, Unitus Seed Fund, CapitalG, Alphabet. Rural kindergarten funding 2020. 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 … 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. However, as the industry is still in the early stages, skepticism, inadequate digital infrastructure, and insufficient support affect young players’ aspirations. 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. For now, about 10,000 students are linked up the platform besides 1500 teachers onboard. Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million. Looking over the expense sheet, we see employee benefits expenses stood out as the single biggest cost centre for the Bengaluru-based company, making up 46.2% of the total costs. Cuemath intends to open up 5,000 centers and enroll 40,000 children in the program by March 2018. This brings Cuemath's total funding to $67.4M to date. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Cuemath Funding. The company raised $40M in a Series C round on Dec 07, 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 - Seats Limited to 100 Only (First Come First Serve). 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. In January 2017, Cuemath had raised $15 million (Rs 102 crore then) in its Series B round of funding from CapitalG (formerly known as Google Capital) and Sequoia Capital India. Cuemath is a math learning program for children aged 4 to 14 (Kindergarten to Grade 8). .css-1u2pdc2{color:inherit;display:inline-block;}.css-1u2pdc2:hover,.css-1u2pdc2[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}Ursula Florene. 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. These expenses grew by 3.84% to Rs 38.7 crore in FY20. These expenses grew by 3.84% to Rs 38.7 crore in FY20. Below is the summary of deals closed this week. Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >. 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. Click edit button to change this text. by KrAsia 2020-12-09 . 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. Picus will invest up to USD 75 million in Asia’s early-stage tech startups. Edtech startups raised a record $1.8 billion in funding in 2020. The edtech platform generated 86% of its operating revenue through the said franchise fee charged from teachers and the remaining 14% was collected from the sale of educational material. Sequoia Capital Overall employee rating is 3.7 out of 5 (as of 17th Nov 2020) Each enrolment is funded at the rural per capita rate ($4,553 per child for the calendar year) 46 or more enrolments. $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. 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. YourStory 09 Jul 2020. Capital G, Sequoia, and Manta Ray Ventures pumped in USD 5 million, USD 1 million, and USD 2 million, respectively. 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. 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. source: Unsplash. Cuemath also offers online coding classes. This week, Alpha Wave Incubation, Lightstone Fund, and other existing investors participated in Sequoia-backed Cuemath’s $40.9 million fundraise. 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At Cuemath, the approach towards learning math is very different. 1 History; 2 Philosophy; 3 Funding; 4 Program …
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