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Chegg

Chegg, the premier online textbook rental company, was inspired by Osman Rashid and Aayush Phumbrha’s frustration with the policies and procedures of their own university’s bookstore

Startup type: Company
Status: Active
Stage: Growth
Funding: Venture capital firm
Location: Santa Clara, CA USA
Website: http://www.chegg.com
More info: CrunchBase

OUR NEWS

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ABOUT US

Chegg, the premier online textbook rental company, was inspired by Osman Rashid and Aayush Phumbrha’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 2003 as a “hyper-local” classifieds directory. In
fall 2007, Chegg introduced their revolutionary textbook rental service. Chegg now offers its
services to all 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 up to 80
percent on 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 those paying students’ bills—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 is proudly partnered with Eco-Libris, a group that works with people to mitigate the
environmental impact of book production, for an initiative to plant one tree for every student’s
textbook rental.

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.”

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  • Mike Templeton

    A web worker living in Ankeny, Iowa. Experience in marketing, web strategy, community management and copywriting. Early adopter of new technology and active user of social media.

  • Idris Busari

    Nigerian-born US citizen, singer/songwriter, radio announcer, photo. video and music enthusiast.

  • Jesper Kampmann Madsen

    Young danish entrepreneur involved in alot of projects, primary online services. If you have an awesome project, do not hesitate to contact me if you need a partner who can come up with good ideas and some hardcore programming skills.