CapitalG, formerly known as Google Capital, has led a series B round of $15 million in education startup Cuemath. Along with CapitalG, the investing arm of tech major Google, Cuemath’s existing backer Sequoia Capital has also participated in this round. This marks CapitalG’s first bet in the Indian education startups which has attracted heavy investor interest in the recent past. TOI had first reported about Cuemath being in talks with Google Capital to raise fresh capital in in its November 23 edition.
Cuemath, an after-school math tutoring programme for children in KG to grade 8, develops in-house content which is a combination of worksheets, tab-based exercises and mathematical puzzle cards offered to students through home-based centers.
Started in 2013, Cuemath claims to have over 2,000 centers educating more than 10,000 students across the country. On the back of fresh funds, the company plans…