Chegg to Acquire Zinch

Chegg, a textbook rental company, has entered into a definitive agreement to acquire Zinch.

Founded in 2007, Zinch connects prospective college and graduate students to scholarships, admissions officers and other students who have been through the same process.

The acquisition, which is subject to standard closing conditions and is expected to be completed by the end of this month, will expand Chegg’s social education platform into high schools.

Founded in 2007, Chegg is used by students in more than 7,000 campuses nationwide for homework help, course selection, note taking, textbook and e-textbook rentals. It is backed by GSV Capital (read here) and received debt financing from Insight Venture Partners, Pinnacle Ventures and TriplePoint Capital (read here).



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