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Arora claims TabWords scaled to 10,000 cabs funded purely on revenue.
“So that's how we grow from 500 cabs to 10,000 cabs on pure revenue.”
TabWords installs tablets in Indian Uber cabs broadcasting Netflix and ads.
“What we do in TabWords is we put tablets behind headrests of Uber cabs across across India for now, and we broadcast ads, and we broadcast content in these tablets from Netflix.”
Arora dropped out of high school to pursue entrepreneurship full-time.
“I dropped out of high school and I said screw it.”
Arora claims he only sleeps one to two hours a day.
“I'm always up, so I get around one or two hours sleep every day.”
Arora sold an iris-scanning tech company at age 17.
“We created an iris scanning solution, which we sold off to another company when I turned 17.”
Arora recruited three to four developers unpaid for the initial product.
“And I got almost three, four of them on board for the idea without paying them a penny. And after that, I started the product with them.”
Arora spent $100k of personal capital to fund his first 1,000 tablets.
“So I spent around a 100,000 dollars on the initial stages of the business, wherein we got our presents in around thousand caps.”
TabWords raised a $500,000 VC round to fund hardware deployment.
“After that, we raised an investment from a venture capitalist. That was a 500,000. That was a 500,000 dollars, and then we funded the remaining 10,000 caps through that.”
Snapdeal signed a six-month, 10 lakh rupee in-taxi ad deal.
“They have taken a fixed slot for six months, wherein we are, wherein they have a one minute video at played on every ride on every, so basically they have a presence in every ride. So we have taken, so we have finalized the deal in, in a 10 lakh rupee value fo…”
TabWords generated $70,000 in monthly revenue in March 2017.
“I did a revenue of 70,000 dollars this month.”
TabWords pays a 15% revenue share directly to cab aggregators.
“So we share around 15% of our revenues with the aggregator directly.”
TabWords generated approximately $550,000 in total revenue in 2016.
“So close to around five 50,000 dollars.”