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Textbook rentals aren't new. WalletPop has covered several third party companies such as Chegg.com, which rent textbooks to users at prices far below retail for college book rentals, but now ...
BookRenter initially received financing from several venture capital firms in Silicon Valley. In 2009, it announced a Series A round of $6 million, [12] raised from Storm Ventures and Adams Capital Management, then Norwest Venture Partners led the Series B round of $10 million, which included participation from prior investors Storm Ventures and Adams Capital Management.
Textbookrental.ca was established in 2010 by entrepreneurs Gershon Hurwitz and Mike Stock, [3] in response to student concerns about the rising cost of textbooks. [4] By 2011, the online store was selling textbooks at a discount and renting texts, allowing searching by textbook ISBN , author, and title, selecting a 2, 3, or 6 month (semester ...
The average full-time, in-state undergraduate student pays $1,226 for books and supplies each academic year. As a former first-generation college student, Josh Lachs said these textbook costs can ...
Phumbhra and Rashid rebranded, launching Chegg, Inc. in December 2007, with Rashid as CEO. After ending services unrelated to renting and purchasing textbooks, [5] the company adjusted its business model to reflect that of Netflix's rental-based model, concentrating on renting textbooks to students, [6] [9] and Chegg expanded to a national ...
Book rental companies having a subscription-based models where a monthly or periodic subscription fee is charged and members can rent a number of books based on the subscription. Book rental companies taking a fraction of book cost as rent. This is the most prevalent model in textbook and college book renting.
A meta-search site (online marketplace) for books, acquired by AbeBooks in 2005, which in turn was acquired by Amazon.com in 2008. Bookshop.org United States: Online only: An online book marketplace founded in January 2020. Its stated mission is "to financially support local, independent bookstores." Booktopia Australia: Online only
Statistics for the publishing industry are also promising. India is the world's third-largest market for English books, [2] and its entire book market — in English, as well as regional languages — is estimated to generate Rs. 10,000 crore annually. [3] The online book market in India is expected to grow at 30–35% annually for the next ...
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