Cuemath has announced a fundraise of $57M in a fresh round led by Alpha Wave at a valuation of $407M – a more than 2X jump in valuation.

Cuemath, a one-on-one online math and coding tutoring service, looks to help to bridge the math gap with free access to qualifying K-12 students.

Cuemath has become the latest Indian edtech startup to enter the offline segment with the launch of its first physical centre in Gurugram.

The 66% rise in Cuemath’s net loss in FY22 was in line with the increase in its operating revenue, which jumped 64% to INR 148 Cr in FY22.