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Uber founder Travis Kalanick launches new fund, looks to invest in India, China

Uber founder Travis Kalanick launches new fund, looks to invest in India, China

Context:

Uber Technologies Inc. founder Travis Kalanick, who was ousted from his role as the ride-hailing giant’s CEO last year, has launched a new venture investment fund called 10100, which will look to invest in emerging technologies in countries such as India and China, among other things.

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Significance:

  • Other than emerging technologies in India and China, 10100 will focus on “large-scale job creation,” with investments in real estate, e-commerce, and emerging innovation in China and India.
  • The new fund will also look to undertake non-profit initiatives that will initially focus on education and “the future of cities

 

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