The title must have instigated your mind. Here is a happy news, you can drive (vroommm) the car for long as you can but without affecting your monthly budget or harrasing your dad. Raghu Khanna an IIT ian has founded a website called www.cashurdrive.com aimed at generating revenues through advertisements on private vehicles. Similar to a publiec transport bus or an electric train, you can sell your car spaces and earn money. Cashurdrive an on-vehicle advertising company plans to pay the car owners for putting advertisements on their cars through tie-ups with the petrol pumps. “We are in talks with IndianOil to use their fleet cards as a medium of transferring money for petrol to the car owner’s account directly. Initially we are planning to pay around Rs 1,200-1,500 and later the amount will be increased depending upon the condition of the sticker on the car. Our motto is-Get Seen, Get Paid. We have entered into a collaboration with BlackBox for installing a vehicle-tracking system in the cars with the advertisements. The advertisers will be able to measure the accountability for their clients through this global positioning system” Rahul says. Cashurdrive which currently operates on chandigarh plans to expand to Haryana, Punjab, Himachal Pradesh and Rajasthan
Venture Capital
VC hunt Global which operates over six countries funds cashurdrive. VC Hunt has offered Rs10 million for cashurdrive.
Revenue Growth:
At the end of first year revenue of cashurdrive is expectd to be between Rs2-2.5 crores
At the end of second year revenue of cashurdrive is expectd to be between Rs18-20 crores.