| Founded | 2005 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Edtech |
| Total raised | $0 (bootstrapped to IPO) |
| Collapse type | Slow Death |
| Founder | Aayush Phumbhra, Osman Rashid |
Chegg
"The homework help unicorn IPO'd at $7B and lost 80% of its value the day ChatGPT made its core product obsolete"
Years-long decline before final shutdown
Key Events Timeline
Chegg was a publicly traded edtech company that grew from textbook rentals to a subscription homework help service used by millions of college students.
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