February 2, 2010
BookRenter.com Achieves Explosive 400% Yearly Growth in Textbook Rentals
Company Extends the Reach of its Platform Through New Partnerships, Enabling Thousands of Students on More Than 5,000 Campuses to Save an Average of 62% on Textbooks in January
Campbell, CA February 2, 2010 -- BookRenter, the leading online textbook company, today announced that it grew 400% year-over-year in January, serving thousands of students on more than 5,000 campuses across all 50 states. BookRenter customers saved an average of 62% on textbook rentals, with many students enjoying savings of 90% off on many popular titles. Customer satisfaction also hit an all-time high with a score of 79 on the Net Promoter™ scale, as students took advantage of BookRenter's low prices, free premium ground and inexpensive one and two-day shipping options, and its enormous selection of titles.BookRenter extended the reach of its platform by partnering with seven of the largest providers of textbooks in the U.S., increasing its title selection to more than three million and enabling BookRenter to deliver any book to customers via next-day shipping. Because the company does not have to spend capital to pre-purchase and warehouse books before taking orders, BookRenter is able to offer the lowest prices in the industry, along with unparalleled flexibility in rental periods and shipping options. Additionally, BookRenter helped its customers contribute to the humanitarian efforts in Haiti by donating five percent of rental revenue earned during the last two weeks of January to assist the victims of the January 12th earthquake.
"January was a remarkable month for BookRenter," said Mehdi Maghsoodnia, chief executive officer of BookRenter. "We continued to raise the bar on customer service and selection by further extending the BookRenter platform to a host of new partners, resulting in enormous annual growth. We're extremely proud of our accomplishments and remain focused on continuing to deliver the industry's best service and user experience while saving students the most money and helping to make education more affordable."
BookRenter launched in 2008 and is dedicated to making education more affordable by allowing students to rent textbooks for up to 75% off the retail price. BookRenter's innovative pricing and operating systems provide students with the best price, highest quality books, and most flexible rental experience available today. Currently carrying over 3 million titles and serving thousands of students on over 5,000 U.S. campuses, BookRenter is one of the fastest growing startups in Silicon Valley, growing at over 400% each year. BookRenter, with offices in Campbell, California, is a private company that is funded by prominent Silicon Valley venture capital firms. To learn more about how to use BookRenter for all of your textbook needs, please visit www.BookRenter.com.