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From tuxedos to DVDs and cars, renting something for the short term makes a lot of sense.For college students spending the annual nationwide average of $700 to $1,100 for textbooks, Chegg.com and ...
Chegg began trading shares publicly on the New York Stock Exchange in November 2013. [15] Its IPO was reported to have raised $187.5 million, with an initial market capitalization of about $1.1 billion. [16] In 2014, Chegg entered a partnership with book distributor Ingram Content Group to distribute all of Chegg's physical textbook rentals ...
Book rental companies having a subscription-based models where a monthly or periodic subscription fee is charged and members can rent a number of books based on the subscription. Book rental companies taking a fraction of book cost as rent. This is the most prevalent model in textbook and college book renting.
BookRenter initially received financing from several venture capital firms in Silicon Valley. In 2009, it announced a Series A round of $6 million, [12] raised from Storm Ventures and Adams Capital Management, then Norwest Venture Partners led the Series B round of $10 million, which included participation from prior investors Storm Ventures and Adams Capital Management.
Users browse books online and have their choices home-delivered, rather than physically visiting a library to borrow a book. This e-commerce model is comparable to the video rental service provided Netflix. In 2009, online book rental was gaining popularity in India, with a number of websites offering free doorstep delivery for a small monthly fee.
BookScouter.com is a comparison shopping website that helps buy, sell, and rent textbooks and used books online. [2] The website compares offers and prices from 30 booksellers and buyback vendors in the US and suggests the most fitting place to purchase or sell a given book. [3] The website is mainly used by college students. [4]