What is Cuemath's current shareholding pattern?

Founders own 13.74%, Funds (largest shareholder) own 69.84%, Enterprises own 0.26% and Angels own 0.37%.

What is the founders' net worth of Cuemath?

Cuemath's founders' net worth is 432Cr.

How much stake do funds have in Cuemath?

Funds hold 69.84% of Cuemath's total shareholding.

Cuemath - 2026 Latest Shareholding & Valuation

Funds own the majority of Cuemath's shares, accounting for 69.84%, while ESOP hold 15.42%, Founder hold 13.74%, Other People hold 0.38%, Angel hold 0.37% and Enterprise hold 0.26%. Cuemath's current valuation is ₹3,150Cr and the founders' net worth in Cuemath's shareholding is 432Cr. The cap table displayed below is for CUE LEARN PRIVATE LIMITED which is the legal entity associated with Cuemath.

Here is the equity structure of Cuemath as per the latest Cap Tables:

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	13.74%	432Cr	4488162	1018081	4401698	4571998
Manan Khurma	6665486	5495972	1280349	3507904	9518343	1483410
Fund	69.84%	2,200Cr	4087185	3377178	6096323	7424587
Alpha Wave Global	9875811	3624510	1648983	5561122	2458316	5364001
Manta Ray Ventures	1063	3020	1752	1633	1010	3453
Trifecta Capital	7	2	1	4	1	7
Enterprise	0.26%	8.04Cr	0	0	0	0
Angel	0.37%	11.6Cr	0	0	0	0
Other People	0.38%	12.1Cr	0	0	0	0
ESOP Pool	15.42%	485Cr	2374344	1530705	4870169	1744199
Total	100.00%	3,150Cr	2474754	7005727	7121656	1884568

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Here is how Cuemath's shareholding has changed after each funding round:

Founder
Fund
Enterprise
Angel
Other People
ESOP Pool
Parent Entity
Other Investors

Shareholders	Angel Jul 22, 2015	Seed Mar 31, 2015	Seed 2 Apr 21, 2015	Series A Mar 14, 2016	Series A2 Jul 01, 2016	Series B Mar 03, 2017	Series B2 Nov 21, 2018	Series B3 Dec 12, 2019	Series B4 Jul 07, 2020	Series C Dec 19, 2020	Series D Aug 09, 2022	Series D2 Sep 12, 2022	Series D3 Nov 16, 2022	Series D4 Aug 28, 2023
Founder	36.9%	44.0%	37.3%	46.8%	45.3%	29.3%	28.3%	25.1%	23.9%	17.4%	14.0%	13.8%	13.8%	13.7%
Fund	25.1%	12.0%	25.4%	47.1%	48.9%	61.6%	61.3%	64.8%	66.2%	71.5%	69.3%	69.6%	69.7%	69.8%
Parent Entity	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Angel	1.1%	-	-	0.7%	0.7%	0.4%	0.7%	0.7%	0.6%	0.5%	0.4%	0.4%	0.4%	0.4%
Other People	36.9%	44.0%	37.3%	-	-	-	-	-	-	-	0.4%	0.4%	0.4%	0.4%
ESOP Pool	-	-	-	5.4%	5.2%	8.6%	9.7%	9.5%	9.4%	10.6%	15.7%	15.5%	15.5%	15.4%
Enterprise	-	-	-	-	-	-	-	-	-	-	0.3%	0.3%	0.3%	0.3%
Other Investors	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%