Math tutoring startup Cuemath has raised $57 million in a round led by US-based Alpha Wave Global at a valuation of $407 million, which the startup claims has doubled since its last funding round in December 2020.The Currently present in more than 70 countries, Cuemath aims to expand to over 100 countries by FY 2023.“We plan to expand and strengthen footprint in North America, APAC, the UK, Europe, Middle East and capture markets in Africa and South America,” the startup said in a statement on Wednesday. The company presently has over 10,000 tutors and more than 200,000 students on the platform. “Valuations have become more realistic with rationalisation hitting the market; only those growth-stage startups with solid business fundamentals can now establish trust with VCs,” said Sunder in the statement. Founded in 2013 by Manan Khurma, Cuemath is an after-school online math tutoring platform for kindergarten to 12th-grade students. , Cuemath was in talks with investors to raise around $100 million and said that it would touch a valuation of $1 billion by the end of FY 2022.