Date
22 July 2018
Travis Kalanick said the fund will invest in real estate, e-commerce and emerging innovation in China and India. Photo: Bloomberg
Travis Kalanick said the fund will invest in real estate, e-commerce and emerging innovation in China and India. Photo: Bloomberg

Former Uber CEO Kalanick to set up investment fund

Travis Kalanick, the former Uber chief executive, announced in a Twitter post that he is going to start an investment fund called 10100, Reuters reports.

The new fund, pronounced “ten-one-hundred”, will invest in real estate, e-commerce and emerging innovation in China and India, Kalanick said.

The fund will oversee for-profit investments as well as non-profit work and focus on education and future of cities, he added.

Twitter was abuzz with speculation behind the meaning of the new fund’s name.

One user suggested that it could be a reference “Googol” or “10 to the power 100”.

Kalanick was not immediately available to respond to queries about his new venture.

Kalanick, co-founder the San Francisco-based ride-hailing startup Uber, resigned in June under pressure from investors after a string of setbacks.

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