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This blog is dedicated to the topics of Course materials, Innovation, and Technology in Education. it is intended as an information source for the college store industry, or anyone interested in how course materials are changing. Suggestions for discussion topics or news stories are welcome.

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Saturday, February 26, 2011

BookRenter Becoming Bigger Player in Textbook Rentals

Textbook rentals are big business on campus and BookRenter is upping the ante. TechCrunch reports that the Sunnyvale, CA, firm has raised $40 million in investment capital to help it add resources and products.

BookRenter’s strategy is to partner with college bookstores and provide an automatic platform for content distribution. To date, the firm is the official rental platform for 560 college stores in the U.S. and is expected to report revenues of $20 million-$50 million in 2010. But it still trails Chegg.com, which projects revenues of $130 million for 2010, by a substantial margin.

The infusion of new capital should help BookRenter give the bigger firm a run for its money.