Online education platform Cuemath to raise $100-M

Bengaluru-based online education platform Cuemath plans to raise at least USD 100 million in a new financing round as it targets a valuation of US 1 billion by the end of 2022. Cuemath will use the funding to finance growth plans, including acquisitions of other platforms. The fresh capital would follow the USD 40 million Cuemath raised last February in a Series C round, which included investments from Lightstone Aspada and Alpha Wave Incubation, Sequoia Capital India, Manta Ray, and Alphabet Inc's independent growth fund CapitalG.