Cuemath had raised $5.5 million in an extended Series B round led by Manta Ray Ventures. Cuemath has passed a special resolution to allot 200 equity shares and 144,618 Series C CCPS at an issue price of Rs 20,518.56 per share to raise the amount. Lightstone Fund has invested Rs 126.3 crore followed by AWI which pumped in Rs 111.43 crore, regulatory filings show.Existing investors Google’s venture capital fund Capital G and Sequoia have also poured in Rs 37.14 crore and Rs 7.42 crore respectively. The edtech firm has also raised Rs 14.86 crore from Manta Ray Ventures in this round. As per Fintrackr’s estimates, Cuemath’s post-money valuation has reached around Rs 1,265 crore or $171 million in this transaction.

(Entrackr)