Sundar’s appointment is two months after that
Stepped down as COO of Bangalore based food delivery company. He was one of the senior executives of Swiggy and announced the departure of the employees in July, as reported by ET.
Manan Khurma, who started the platform in 2013, will take over the role of chairman, but will “remain central” to the company’s operations, the statement said. The roles of both Manan and Sundar will be effective from October 1, 2021. They will work together for the next phase of QMath’s development plans, it said.
Backed by Google Capital and Sequoia Capital India, Cuemath is an online math and code learning platform for kids in the K-12 space. To date, it has raised over $64 million in venture funding.
In his new role, Sundar will be responsible for the overall business and oversee the expansion of QMath from the existing 20 to 50 countries. As chairman, Khurma will focus on developing pedagogy and curriculum and holistic development strategy.
“I am excited to welcome Vivek to the QMath family. I am confident that his proven track record and extensive experience building consumer brands, as well as with a laser-focus on industry-leading operational practices, lead to QMath’s upward trend. Will carry forward the trajectory and become a leader in global mathematics education,” Khurma said.
Also read tech news of the day
Edtech startup, Byju’s, which is also a fundraising and acquisition machine, is planning to raise another $400-600 million before filing an IPO in early 2022. Swiggy’s Vivek Sundar has joined QMath as its new CEO.
read now
Cuemath claims to have covered 25 million hours of teaching to over 200,000 students.
Sundar, who was with Swiggy from 2018-2021, said, “I am particularly impressed by QMath’s razor-sharp focus on child learning outcomes. I am committed to democratizing mathematics and creating the next generation of thinkers. And problem solvers.”
In June this year, Khurma told Reuters that
QMath plans to raise at least $100 million in a new financing round this year, and that the company aims to be $1 billion by 2022. it is the end
Raises $40 million in Series C funding Led by LGT Lightstone Espada and Falcon Edge-managed Alpha Wave Incubation in December 2020.
At Swiggy, Sundar has expanded the food delivery startup’s geographic footprint to over 500 cities. Prior to Swiggy, he led P&G’s business in “Kenya, Ethiopia, Uganda, Tanzania, Angola and a few other countries in the East Equatorial Africa region,” according to his LinkedIn profile.
Navroz Udvadia, Co-Founder, Falcon Edge, said, “We are a big believer in QMath’s vision to become a global leader in online math education. We feel that the team at Manan and Vivek is well positioned to grow the business in India and abroad.”