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