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

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,