Chegg To Acquire InstaEdu Tutoring Platform

Chegg, a company that provides study help and allows students to buy and sell textbooks online, will acquire InstaEdu, a company that offers a platform to connect students with on-demand tutors.

"Students have been coming to Chegg for years to get homework help using our Chegg Study service when they've been stuck on a subject or need help mastering a concept. Now, they'll have the ability to connect any time, day or night, with an expert tutor who can provide personalized assistance on practically any subject," said Dan Rosensweig, chairman and CEO of Chegg, in a prepared statement. "On-demand tutoring, anytime, anywhere, on any device is a very disruptive idea, and it's about time that high-quality tutoring was made affordable and accessible for all students through technology."

Chegg is acquiring the company, which claims to offer tutors for 2,500 high school and college subjects beginning as low as $0.40 per minute, for $30 million.

"InstaEdu has grown rapidly by connecting students who need immediate assistance, as well as those seeking regular one-on-one sessions with a specific tutor, via the student's choice of video, voice or text," according to a news release. "All of InstaEdu's tutors have been individually screened via InstaEdu's proprietary qualification system, and receive feedback from their pupils via a public rating system."

"We started this business because we recognized the opportunity to bring greater efficiency to a $60 billion global market through technology that makes one-on-one tutoring fundamentally more affordable and accessible for students anywhere," said Alison Johnston Rue, CEO of InstaEdu, in a prepared statement. "Combining with Chegg instantly gives our on-demand tutoring platform access to Chegg's network of 13 million high school and college students, and together we can move quickly to reduce the cost of learning and improve grades and graduation rates across the board."

Johnston Rue will lead Chegg's tutoring business.

More information is available at chegg.com.

About the Author

Joshua Bolkan is contributing editor for Campus Technology, THE Journal and STEAM Universe. He can be reached at [email protected].

Featured

  • blue AI cloud connected to circuit lines, a server stack, and a shield with a padlock icon

    Report: AI Security Controls Lag Behind Adoption of AI Cloud Services

    According to a recent report from cybersecurity firm Wiz, nearly nine out of 10 organizations are already using AI services in the cloud — but fewer than one in seven have implemented AI-specific security controls.

  • stacks of glowing digital documents with circuit patterns and data streams

    Mistral AI Intros Advanced AI-Powered OCR

    French AI startup Mistral AI has announced Mistral OCR, an advanced optical character recognition (OCR) API designed to convert printed and scanned documents into digital files with "unprecedented accuracy."

  • robot waving

    Copilot Updates Aim to Personalize AI

    Microsoft has introduced a range of updates to its Copilot platform, marking a new phase in its effort to deliver what it calls a "true AI companion" that adapts to individual users' needs, preferences and routines.

  • teenager interacts with a chatbot on a computer screen

    Character.AI Rolls Out New Parental Insights Feature Amid Safety Concerns

    Chatbot platform Character.AI has introduced a new Parental Insights feature aimed at giving parents a window into their children's activity on the platform. The feature allows users under 18 to share a weekly report of their chatbot interactions directly with a parent's e-mail address.