News Brief
Textbook Rental Site Chegg.com Gets $25 Million Funding
Dec 18, 2008, 7:45 AM
Textbook rental site Chegg.com announced raising $25 million in a third round of venture capital financing led by Kleiner Perkins Caufield & Byers and Foundation Capital.
Founded in 2005, Santa Clara, Calif.-based Chegg.com says it saved students at 4,000 campuses nationwide about $16 million this year. Individually, students can save up to 80%, or $650 a semester, through the site, according to the company.
"With this funding, Chegg.com will be able to reach even more students, with more books and more money saving services," said Osman Rashid, the company's CEO and co-founder, in a statement. Getting a cash infusion of $25 million as investors turn increasingly cautious because of the downturn signals strong backing for the startup.--Mark Walsh
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Chegg.com is good and has some ok prices. I would also suggest using GreenTextbooks.org
Save Money, Save The Planet
GreenTextbooks.org specializes in the recycling of textbooks, DVDs, CDs. Buying used textbooks not only saves you money, but cuts down on greenhouse gases caused by the manufacturing of new textbooks.
With GreenTextbooks.org you're not only saving trees, you are saving some green. http://www.GreenTextbooks.org