Google Capital eyes $15m Indian edtech investment
Google Capital may lead a $13-15m financing round in Cuemath, a Bengaluru-based education start-up that develops maths content such as worksheets, tab-based exercises and puzzle cards for K8 students, according to sources close to the fundraise. The investment would reflect Google Capital's first investment in the edtech sector. Google set up its only office outside Silicon Valley in Bangalore last year.

BENGALURU:

Capital, the investing arm of tech giant

, may lead a $13-15 million financing round in Bengaluru-based education

, three people aware of the fund-raise said. Backed by

Capital, Cuemath develops in-house math content which is a combination of worksheets,

exercises and mathematical puzzle cards for K8 (LKG to Class 8) students.

Capital has, so far, taken selective bets in India like auto classifieds site Cardekho,

Practo and cloud-based customer support software Freshdesk. An investor in Lending Club and Survey Monkey,

set up an office in Bangalore last year -its only outpost away from

.

Once the deal closes, it would be Google Capital's first bet in the buzzy ed-tech space, which has seen a flurry of activity as

look to tap the opportunity that exists for them to disrupt the existing tutoring and test prep models.

An email query sent by TOI regarding the fund-raise to Kaushik Anand at

Capital and existing investor Sequoia Capital did not elicit a response, while Manan Khurma, co-founder & CEO of Cuemath, said over a message that there was no such development to share at the moment.

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