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Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. [2] The company was launched in 2006, and began trading publicly on the New York Stock Exchange in November 2013.
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.
Chegg expanded from textbook rental into a portfolio of student services under his leadership, [2] [8] transforming Chegg's digital assets to meet student needs. In June 2024, Rosensweig stepped down as CEO of Chegg, and was succeeded by Nathan Schultz. [11] Rosensweig is a proponent of mentoring, [12] and of workplace equality. [13]
In 2009, online book rental was gaining popularity in India, with a number of websites offering free doorstep delivery for a small monthly fee. The popularity of such websites can be attributed to increasing internet usage in the country; India is expected to have the third-largest number of internet users in the world by 2013. [ 1 ]
Based on the rental method the book rental companies can be categorized into two subgroups: 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.
Chegg stock was a pandemic darling stock of sorts as education moved online and the company thrived, sending the stock to an all-time high of $113 per share in early 2021. ... The best books of ...
BookScouter.com is a comparison shopping website that helps buy, sell, and rent textbooks and used books online. [2] The website compares offers and prices from 30 booksellers and buyback vendors in the US and suggests the most fitting place to purchase or sell a given book. [3] The website is mainly used by college students. [4]