Cuemath May Raise $45 Mn From Falcon Edge
Edtech startup Cuemath, which is run by CueLearn, is reportedly in talks to raise $40 Mn – $45 Mn funding in Series C round from Falcon Edge India.
Cuemath’s cofounder and CEO Manan Khurma said, “I can’t comment on any specifics at this stage. We have been witnessing a lot of interest on the basis of our momentum.” He also claimed that the company turned cash positive in the quarter ending September.
Cuemath has nearly 5K franchises in India, and has conducted over 25 Mn classes for over 10K students. It had also launched a digital platform Cuemath LEAP for students in grade 7-10. Cuemath Leap claims to have noted a four-fold growth in the last six months, giving 500K hours of live classes.