Uber Co-Founder Travis Kalanick Announces 10100 Investment Fund For India and China

Later being pushed out of Uber by a string of controversies, former CEO and co-founder Travis Kalanick is dorsum with a new investment fund called 10100 (read as 10 one-hundred). Kalanick says it will beaimed at investment in his passion, big-scale job creation, with investments in real-estate, e-commerce and emerging technologies in China, as well as Bharat. He also hinted at not-profit work in the field of education.

Kalanick broke the news of the venture fund's launch via his official Twitter account. Thenon-profit investments will as well focus on development of tech for time to come cities, which we tin assume ways Smart Cities in the Indian context. Yous tin can read Kalanick's full statement right hither:

Some news… pic.twitter.com/urFBrb9aCV

— travis kalanick (@travisk) March 7, 2018

Kalanick indicates that a few investments are already made, which could mean more announcements are coming before long. It remains to exist seen which Indian startups accept defenseless Kalanick's centre, who netted a hefty sum after Softbank's investment in Uber. Having been booted out of Uber subsequently a sexual activity scandal and a series of allegations against superlative executives, Kalanick has been stealthily working on billowy back. It's non yet clear how exactly he expects to regain some of the lost brownie due to the allegations of his heavy-handedness in dealing with the issues at Uber.

Asking not to troll but because I'm really curious, and hopeful…

Have you created values for your new org yet? I'd be curious to hear what kind of civilisation you intend to build this time around.

— David Spinks (@DavidSpinks) March 7, 2018

Can this new approach to non-profits give Kalanick a clearer perspective, to create something like Uber with a real and deep social impact? We can't look to see.

Source: https://beebom.com/travis-kalanick-venture-fund-india-china/

Posted by: chalmerspatut2001.blogspot.com

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