Ex-Uber Chief Travis Kalanick to create large scale jobs in India


Former chief executive and co-founder of the ride-hailing company Uber, has announced his next venture: an investment fund. The announcement answers lingering questions about what the brash tech entrepreneur would take up after his tumultuous departure from Uber.

"Over the past few months I've started thinking about what's next," Kalanick wrote in a tweet Wednesday evening. "I've begun making investments, joining boards, working with entrepreneurs and non-profits. Today I'm announcing the creation of a fund called 10100 (pronounced 'ten-one-hundred'), home to my passions, investments, ideas and big-bets."

Kalanick said his investments will center on large-scale job creation. Real estate, e-commerce, and emerging technologies in China and India will comprise his portfolio, he said. He added that he will begin work on nonprofit projects involving education and the future of cities.

Kalanick, who is worth about $4.24 billion, according to Bloomberg estimates, did not mention the size of his investment fund. Nor did he reveal any details about how many people, if any, are working on it with him.

(The story has not been edited and is published from a syndicated feed)


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