Former Uber CEO announces new investment fund

Travis Kalanick

Uber founder Travis Kalanick. Money Sharma AFP Getty Images

"Today I'm announcing the creation of a fund called 10100 (pronounced "ten-one-hundred"), home to my passions, ideas, investments and big bets", Kalanick wrote.

To that end, he's been making personal investments in both for-profit and not-for-profit companies, and is creating this new fund to manage those ventures.

However, Travis Kalanick left Uber last June after a year full of scandals that started with Susan Fowler's revelations of the company's sexist culture. In addition, infrastructure will receive some attention, as the "future of the cities" finds a mention in Travis Kalanick's tweet.

Kalanick said in the recent months, he has additionally been "joining boards, working with entrepreneurs and nonprofits".

Since his ousting, Kalanick has acted as an angel investor for a number of start-ups including social media platform Blippy, web development software firm Pantheon and medical software start-up Kaleo.

He said the fund would focus on massive job creation through investments in real estate, e-commerce, and emerging innovation in China and India. The tech entrepreneur took to Twitter on Thursday to announce the launch of a new investment fund-10100-for investments focused on India and China.

Kalanick's announcement comes after he agreed to sell 29 percent of his stake in Uber to SoftBank, which is looking to acquire 15 percent of the company from various shareholders.

Kalanick still remains on the company's board of directors. Kalanick is an investor in the company and attended UCLA with Kareo founder Dan Rodrigues.

Under the new chief executive, Dara Khosrowshahi, Uber has taken a markedly lower-risk approach, a repudiation of sorts to Kalanick's confrontational style. After Softbank, Ola's largest backer since 2014, also became the largest shareholder in Uber, it sparked speculation of a merger or acquisition of the United States company's Indian operations with Ola.

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