Google cap to back edu-startup Cuemath

Google Capital, the investing arm of tech giant Google, may lead a $13-15 million financing round in Bengaluru-based education startup Cuemath, three people aware of the fund-raise said. Backed by Sequoia Capital, Cuemath develops in-house math content which is a combination of worksheets, tabbased exercises and mathematical puzzle cards for K8 (LKG to Class 8) students.

Google Capital has, so far, taken selective bets in India like auto classifieds site Cardekho, healthcare services platform Practo and cloud-based customer support software Freshdesk. An investor in Lending Club and Survey Monkey, Google Capital set up an office in Bangalore last year -its only outpost away from Silicon Valley.

Once the deal closes, it would be Google Capital’s first bet in the ed-tech space, which has seen a flurry of activity as companies look to tap the opportunity that exists for them to disrupt the existing tutoring and test prep models.

Source: Economic Times

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