Chegg Inc (CHGG) acquires InstaEDU for $30 million

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Online textbook rental and resale website Chegg Inc (NYSE:CHGG) has acquired student tutoring marketplace InstaEDU for $30 million. InstaEDU distinguishes itself from websites like Tutor Universe and Wyzant by offering its services to anyone regardless of location.

InstaEDU offers on-demand tutors across 2,500 subjects that range from standardized test prep to high school course help. InstaEDU tutors can also help with college-level courses.

InstaEDU will now have access to Chegg’s 13 million high school and college students. InstaEDU CEO Alison Johnston Rue will oversee Chegg’s new tutoring business.

[Source]

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