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Address Private company Profile Chegg.com is the leading online textbook rental site, offering students savings at more than 6,400 colleges and universities across America. You find the books you need by searching with the ISBN number, author, title or keyword from an inventory of more than 2.4 million books. The results returned include rental price, rental term, due date and detailed information about the book. Once an order is placed, you receive your books within four to seven business days. When it is time to return the books, simply print a pre-paid shipping label from the Chegg.com and drop the books in the mail using the re-usable box that the books were originally delivered in. There are a variety of rental terms you can choose from: 125 days, 85 days, and 60 days. You only pay for delivery, not return of books. Osman Rashid and Aayush Phumbhra launched the site in 2003. Osman was inspired to launch Chegg.com because he wanted college students to have convenient access to textbooks at a reasonable cost. Chegg.com’s purpose is simple: Students don’t need to purchase textbooks; they need to be allowed to rent them. Chegg gets its name from the combination of the question "What came first: the chicken or the egg?" It was originally called Textbookflix.com In December 2009, Chegg raised $57 million led by Insight Venture Partners. Previous investors include Kleiner Perkins Caufield & Byers, Foundation Capital and Primera Capital. According to Wall Street Journal, Chegg secured a $25 million credit facility from its venture partners, as well as a $30 million debt facility from venture debt providers Pinnacle Ventures and TriplePoint Capital. © Copyright SVDaily.com |
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