Travis Kalanick is starting an investment fund

  • Travis Kalanick is starting an investment fund

Travis Kalanick is starting an investment fund

"It will be overseeing my for-profit investments as well as my non-profit work", he said.

Travis Kalanick, co-founder and former chief executive officer of Uber, exits federal courthouse in San Francisco last week.

'Our non-profit efforts will initially focus on education and the future of cities'.

Kalanick's note says that "over the past few months I've started thinking about what's next" - which may be an admission from his side that his role at Uber is coming to a close.

Uber founder and ex-CEO Travis Kalanick is launching a venture fund focused on India and China

Travis Kalanick has also disclosed that the real estate sector, ecommerce and emerging innovation will be the key sectors for his for-profit investments in India will be directed at and large-scale job creation will be the target and objective.

The company has begun approaching loan investors directly to borrow the funds, instead of going through banks, and has scheduled a meeting today to discuss the financing, said the people, who asked not to be identified because the information has not been made public. Fresh off selling nearly a third of his Uber shares to SoftBank Capital, Kalanick certainly has cash to spare.

The investment fund came to fruition after Kalanick was forced to resign from Uber nine months ago amid reports of combative behavior and a lawsuit filed by self-driving rival Waymo. He sold about US$1.4 billion in stock to a group of new investors led by Softbank Group Corp in January and remains on the board. But as unrelenting scandals rocked the company past year, many viewed the controversies as a reflection of Kalanick's aggressive leadership style. Earlier this week, he had announced that he would join the board of California-based healthcare software startup Kareo.

During his recent two-day visit to India, the new Uber CEO Dara Khosrowshahi told Amitabh Kant, CEO of NITI Aayog, "We continue to make aggressive strides in India and we consider India as one of our forts".