Chegg announced on June 3, 2014 that they have acquired InstaEDU, a leading on-demand tutoring marketplace, for $30 million in cash. InstaEDU has quickly scaled into a platform that connects students with on-demand tutors in more than 2,500 subjects, ranging from high school and standardized test prep, all the way through advanced college concepts for as little as $0.40 per minute.

About InstaEDU

InstaEDU makes it easy for any student to instantly connect with a top tutor in an online lesson space. The website combines the effectiveness of face-to-face private tutoring with the convenience and affordability of an online service. Students can browse tutor profiles, message with tutors, and choose to get connected instantly, or to set up a lesson with a specific tutor at a specific time. – See more at: https://www.crunchbase.com/organization/instaedu#sthash.oAcTrAmt.dpuf

About Chegg

Chegg puts students first and is proud to have saved students and their families more than $450 million in 2013 alone. As the leading student-first connected learning platform, Chegg’s Student Hub makes higher education more affordable and more accessible, all while improving student outcomes. Chegg is a publicly-held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG.

Content Source

You can find more information about Chegg’s acquisition of InstaEDU on their blog.

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