Chegg Acquires InstaEdu Tutoring Platform for $30 Million
Chegg, the used textbook site turned student hub, acquired student tutoring marketplace InstaEDU for $30 million cash in cash. According to TechCrunch, CEO Dan Rosensweig said company decision makers had been looking for the “right type of tutoring company to add to its ranks” after realizing its lucrative potential ($60 billion) on the global marketplace.
The deal seems to make sense for both sides. For Chegg, InstaEDU connects students with on-demand tutors, regardless of location, in over 2,500 subjects, ranging from standardized test prep to advanced college concepts. For InstaEDU, Chegg gives the student–tutor pairing platform access to their 13 million high school and college students.
For full story, see TechCrunch.
Yvonne is a writer for Edtech Times who is most interested in technology's role in culture. When she is not combing the web for the latest in educational technology, she is reading classic literature or watching the game on TV. You may know her from Gradeable, Boston.com, Emerson College, Busa Wine & Spirits, UMass Dartmouth, or Burlington High School.