Former head of Uber: How Travis Kalanick invests millions today

Ex-Uber boss Travis Kalanick is now investing in a real estate startup and delivery service.

Ex-Uber boss Travis Kalanick is now investing in a real estate startup and delivery service.

JOHANNES EISELE / AFP via Getty Images

Travis Kalanick founded Uber in 2009 and at times made it the most valuable startup in the world.

In 2017, he was urged by investors to say goodbye to the travel agent.

Now he is investing in a real estate startup and delivery service, reports “Manager Magazin”.

Ambitious goals and deals worth billions have always characterized Travis Kalanick. In 2009 he was a co-founder of the Uber transport service agent, with whom he wanted to transform the passenger transport market. At times, Uber was valued at $ 68 billion as the most valuable startup in the world.

In 2017, however, investors pushed Kalanick out of the Uber executive position. He then sold about 30 percent of his Uber stake to the Japanese softbank for $ 1.4 billion. At the end of 2019, Kalanick sold the rest of its shares, which again flushed around $ 2.7 billion into its private cash register.

But Kalanick does not retire with his fortune. He recently invested $ 43.3 million in a 2,000-square-meter mansion in Los Angeles, according to the Wall Street Journal. It was the largest private real estate deal in the city since the corona pandemic began. The “Manager Magazin” reported about it.

Ex-Uber boss Kalanick invests in a real estate startup via an investment company

But not only privately, Kalanick continues to invest large sums of money and founded the associated company 10100 in 2018. His first deal with it was an investment in the real estate startup City Storage Systems (CSS). But he not only invested, but also took over the chief position, according to “Manager Magazin”. The company renovates properties such as parking garages or retail properties. Read Too

I’m an Uber driver – 8 things tell me in seconds whether someone will be an unpleasant passenger

CSS is active via various other names, for example under CloudKitchen. The startup provides delivery services with premises that can be used as a kitchen in addition to their own restaurant. But, “Manager Magazin” continues, CloudKitchen itself operates its own delivery service kitchens.

Kalanick taps well-known sources

Kalanick is said to have already invested a total of $ 300 million in these businesses. In addition, he tapped well-known sources. The state fund of Saudi Arabia, PIF, with which Kalanick already worked at Uber, is said to have invested $ 400 million. Kalanick plans to use the money to expand to China, India and Great Britain.

Kalanick is thus active as an investor and in the operative business and continues to juggle millions of dollars even after his time in Uber.



Related Articles

Back to top button