eCommerce - Thursday, December 18, 2008
Textbook Rental's Chegg Raises $25M
We know well the high cost of text books and most sane people will try to sell back their text books after the semester is over. So its a surprise that the concept of renting text books is commonplace. The price of an international relations book is listed at $108. On Chegg.com, it was rented for $29 for a semester's use basis.
Here comes Santa Clara's Chegg.com which has raised $25M in Series C led by Kleiner Perkins and Foundation Capital with return backers Gabriel Venture Partners and Primera Capital.
We understand why these guys are so pumped on Chegg. All it takes is good worth of mouth one semester - who talks amongst themselves more than college students? We also understand why they need to raise so much cash. If Chegg catches fire they will need to buy a lot of text books fast.
Chegg does have more than a few competitors including: Bookrenter.com
Campusbookrentals.com, Ourshelves.com
View - site
Categories
- Venture Capital (289)
- Advertising (471)
- Aircraft (17)
- Alternative Energy (382)
- Apparel (1)
- ASP (39)
- Autos (1)
- Batteries (10)
- Biometrics (3)
- Biotechnology (11)
- Communications (64)
- Digital Hollywood (19)
- Digital Home (36)
- eCommerce (503)
- Educational Software (34)
- eHealth (33)
- Email Software (8)
- Enterprise Software (272)
- Euro Ventures (140)
- File Sharing (24)
- Financial Software (52)
- Food (5)
- Games (199)
- Hardware (47)
- Homeland Security (7)
- IMterviews (6)
- IPO (45)
- Jobs (53)
- Media (368)
- Nanotechnology (14)
- Networking (98)
- News & Updates (1389)
- Online (24)
- Peripherals (44)
- Photo Software (51)
- Publishing (11)
- Real Estate (1)
- RFID (3)
- Robots (15)
- Satellites (8)
- Search (217)
- Security (100)
- Semiconductors (77)
- Social Networking (436)
- Space (1)
- Sponsored Post (11)
- Storage (42)
- Tech stocks (345)
- Telecom Equipment (16)
- Transportation (7)
- Video (242)
- Voice (67)
- Web 2.0 (142)
- Web Development (10)
- Where Are They Now (32)
- Wireless (403)
Hey there good post, but your forgetting cheggs main competitor, internet textbook giant eCampus.com, they have been around since 1999 that 10 years older than chegg. They offer the same rental service and eBooks too. check out their selection of rentals here: http://www.ecampus.com/rent-textbooks.asp
Posted by: Sean Johnson at February 17, 2010 10:40 AM
Post a comment