Startup Profile
Cuemath
Legal entity: Cuelearn Private Limited
Making kids math-fit through structured math learning
Funding raised
₹1045.80 Cr
Total disclosed
Latest valuation
₹3378.10 Cr
Most recent round
Latest revenue
₹148.10 Cr
FY FY22
Employees
—
FY FY22
Founders
- Manan Khurma
Founder and chairman (and current CEO) of Cuemath. An IIT Delhi graduate in electronics and communications engineering (2007) who has taught math since his college years. Before Cuemath he founded Locus Education, an IIT-JEE coaching venture through which he taught thousands of students. He founded Cuemath in 2013 to fix weak foundational math learning in school children.
Funding rounds
- Series D2022-06-01₹473.10 CrLed by Alpha Wave
- Series C2020-12-01₹332.00 CrLed by LGT Lightstone (Lightstone Aspada) and Alpha Wave Incubation
- Series B2017-01-01₹124.50 CrLed by Sequoia Capital India / CapitalG
- Series A2016-06-06₹33.20 CrLed by Sequoia Capital India
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY22 | ₹148.10 Cr | (₹217.00 Cr) | — |
| FY23 | ₹120.50 Cr | (₹234.70 Cr) | — |
| FY24 | ₹126.42 Cr | (₹134.47 Cr) | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- 2024-10FY24 losses narrow 43% — Reported FY24 operating revenue of Rs 126.42 crore (up about 5%) and cut net loss by roughly 43% to Rs 134.47 crore through aggressive cost reductions.
- 2023-08Layoffs and founder returns as CEO — Amid the edtech downturn Cuemath laid off around 100 employees in May 2023 and roughly another 100 in August 2023; founder Manan Khurma returned to run the company as CEO.
- 2022-06$57M round at $407M valuation — Raised $57 million led by Alpha Wave at a valuation of about $407 million, roughly doubling its prior valuation.
- 2020-12Series C and pivot to online tutoring — Raised $40 million Series C at a valuation crossing $170 million, co-led by LGT Lightstone and Alpha Wave Incubation, after pivoting to live online one-to-one math tutoring during the pandemic.
- 2016-06Series A from Sequoia India — Raised $4 million Series A led by Sequoia India with Unitus Seed Fund to expand its home-based math learning network.
- 2013Cuemath founded by Manan Khurma — Manan Khurma founds Cuemath (Cuelearn Pvt Ltd) to reimagine math learning for school children, initially as a network of home-based, teacher-led after-school math centers.
Data sources
- seed-list↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- favicon↗ · last fetched 2026-05-31
- Entrackr - FY24 financials↗ · last fetched 2026-06-01
- Entrackr - $57M Alpha Wave round↗ · last fetched 2026-06-01
- Entrackr - Series C $40M / $170M valuation↗ · last fetched 2026-06-01
- EdSurge - Series A $4M↗ · last fetched 2026-06-01
- Cuemath About page↗ · last fetched 2026-06-01
- Inc42 - 2023 layoffs↗ · last fetched 2026-06-01
- BusinessWire - $57M round / $407M valuation↗ · last fetched 2026-06-01
- YourStory - Manan Khurma founder story↗ · last fetched 2026-06-01