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PublicNYSE:CHGG
Date11/2013
Raised$188M
Post IPO Valuation$1.1B

General Information

Websitechegg.com
Blogblog.chegg.com
Twitter@chegg
CategoryEducation
Employees
Founded2005
DescriptionOnline textbook rental

Offices

People

CEO
CTO
Vice President, Corporate Controller
Board of Directors
Board Member
Director
Director
Director
Show All People

Acquisitions

Total$17M
Campus Special, 4/2014 $17M
3D3R Software Studio, 11/2011
Zinch, 9/2011
Student of Fortune, 8/2011
Notehall, 6/2011
Cramster, 12/2010
CourseRank, 8/2010

Funding

Competitors

Tags

Chegg

Chegg, an online textbook rental company, was inspired by Osman Rashid and Aayush Phumbhra’s frustration with the policies and procedures of their own university’s bookstore. Osman and Aayush knew there had to be a better solution, one that worked for students, professors and publishers alike.

Chegg was launched at Iowa State University in 2005 as a hyper-local classifieds directory. In fall 2007, Chegg introduced their revolutionary textbook rental service. Chegg now offers its services to more than 6,400 universities and community colleges across the country.

RENTING TEXTBOOKS WITH CHEGG

Chegg lets students rent as many textbooks as they like with just a few clicks. Books are delivered in less than a week. Renting textbooks through Chegg not only saves students a significant amount off their textbook bills, but it also eliminates the hassle of waiting in long lines at the bookstore. Best off all, with Chegg there are no monthly subscription fees or hidden charges.

Not only do students and their parents save money and time with Chegg, but they also help the environment. Over the past three years the U.S. book publishing industry has consumed an average of four million trees per year to print textbooks sold in America. Each student purchases an average of one tree per year in textbooks.

PARTNERSHIPS

Chegg has partnered with American Forests to plant a tree for every textbook that is rented bought or sold. To date, Chegg has planted more than 1.5 million trees.

WHAT’S IN THE NAME?

Chegg was launched as Textbookflix.com and in 2007 officially changed its name to Chegg, a well-thought-out combination of chicken and egg.

Recent Milestones

  • Handshake
    Chegg acquired Campus Special for $17M. (4/18/14)
    Posted 4/18/14 at 5:01am via edukwest.com
  • Stock
    Went public with stock symbol NYSE:CHGG. (11/14/13)
    Posted 8/14/13 at 7:54pm
  • Check
    Chegg — Online Textbook Rental Firm Chegg Files For $150 Million IPO (8/15/13)
    Posted 8/14/13 at 7:58pm via techcrunch.com
  • Check
    Chegg — Chegg added Kumar Kandaswamy as Product Leader for Open Platform and APIs (6/1/12)
    Posted 9/20/12 at 9:19pm
  • Dollar
    Chegg received $2.4M in Venture Round funding. (4/1/12)
    Posted 10/30/13 at 10:45pm
  • Dollar
    Chegg received $25M in Series F funding. (3/9/12)
    Posted 3/12/12 at 8:38pm via venturebeat.com
  • Handshake
    Chegg acquired 3D3R Software Studio. (11/14/11)
    Posted 11/14/11 at 12:06pm via techcrunch.com
  • Handshake
    Chegg acquired Zinch. (9/15/11)
    Posted 9/15/11 at 6:38pm via finsmes.com
  • Handshake
    Chegg acquired Student of Fortune. (8/18/11)
    Posted 8/18/11 at 9:59pm via wsj.com
  • Dollar
    Chegg received $6M in Venture Round funding. (7/17/11)
    Posted 7/17/11 at 6:14pm via finsmes.com
  • Check
    Chegg — Chegg added David Bernhardt as Vice President, Corporate Controller. (7/11/11)
    Posted 2/6/12 at 10:32pm
  • Check
    Chegg added David Bernhardt as Vice President, Corporate Controller. (7/11/11)
    Posted 2/6/12 at 10:34pm
  • Handshake
    Chegg acquired Notehall. (6/23/11)
    Posted 6/23/11 at 9:08pm via techcrunch.com
  • Check
    Chegg added Sean Conway as Product Leader. (6/1/11)
    Posted 11/16/11 at 9:01pm
  • Check
    Chegg added Karen Ko as Display Advertising. (1/1/11)
    Posted 7/11/13 at 2:13am
  • Handshake
    Chegg acquired Cramster. (12/8/10)
    Posted 12/8/10 at 7:34pm via dmwmedia.com

Videos

Screenshots

Chegg screenshot
Above: Home Page
Uploaded: 11/20/09

Stock Price

Traffic Analytics

Quantcast

Livegraph

Compete

Chegg

Sources

  1. HEDLINE: Chegg acquires Campus Special for $17 million (edukwest.com) [edit]
  2. Chegg Acquires Software Company Flux / 3D3R, SEC Filing Reveals (techcrunch.com) [edit]
  3. Chegg to Acquire Zinch (finsmes.com) [edit]
  4. College One-Stop Shop: Chegg Buys Web Tutoring Service (blogs.wsj.com) [edit]
  5. Amid Reports Of IPO Plans, Chegg Acquires Lecture Note Marketplace Notehall (techcrunch.com) [edit]
  6. Chegg Acquires Social Homework Platform Cramster (dmwmedia.com) [edit]
  7. TechCrunch (techcrunch.com) [edit]
  8. venturebeat.com [edit]
  9. Oren Zeev, Primera Capital (primeracapital.com) [edit]
  10. Confirmed: Kleiner Perkins Gets Into Textbook Rentals As Chegg Raises $25 Million (techcrunch.com) [edit]
  11. Chegg.com Secures $112 Million to Fund Explosive Growth in Online Textbook Rentals (sanfrancisco.bizjournals.com) [edit]
  12. Chegg.com Secures $112 Million to Fund Explosive Growth in Online Textbook Rentals (sanfrancisco.bizjournals.com) [edit]
  13. SEC (sec.gov) [edit]
  14. Textbook Rental Juggernaut Chegg Adds Another $75 Million To Its Coffers (techcrunch.com) [edit]
  15. Chegg Receives Investment from GSV Capital (finsmes.com) [edit]
  16. Cha-ching! Chegg raises $25M more for textbook and education platform (venturebeat.com) [edit]
  17. VC Funding: Q2 2012 source [edit]
  18. Citation Needed [add]
    Citation Needed [add]
    Online Textbook Rental Firm Chegg Files For $150 Million IPO (techcrunch.com) [edit]
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