Uber co-founder Travis Kalanick leaves board of directors
"Very few entrepreneurs have built something as profound as Travis Kalanick did with Uber. I'm enormously grateful for Travis' vision and tenacity while building Uber, and for his expertise as a board member," Uber Chief Executive Dara Khosrowshahi said in a statement.
Travis Kalanick is exiting his Uber holdings very quickly
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Travis Kalanick has sold $882 million of Uber since lockup expired
His latest business is CloudKitchens, which bets on so-called dark kitchens becoming a backbone of the rapidly expanding food-delivery market. The startup got $400 million of funding from Saudi Arabia’s Public Investment Fund in January, valuing it at $5 billion.
Travis Kalanick sells 20% of his stake in Uber after lockup
Kalanick, who was ousted as Uber’s chief executive officer in 2017, remains one of tech’s richest entrepreneurs. Even after the sale, he still owns 78 million shares in Uber, a 4.6% stake, and has a net worth of about $3.7 billion.
Travis Kalanick readies recipe for India cloud kitchen foray
Kalanick is building a team to drive his new venture, City Storage Systems, which runs delivery-only kitchens.
Kalanick sells almost $1.5 billion of Uber, may offload entire stake
Kalanick’s sales underline his focus on other investments even as he remains a director of Uber. He created a fund called 10100 in March 2018 which will handle hs plans to invest in real estate, e-commerce and emerging innovation in China and India.
Swiggy will invest another Rs 75 crore to expand its cloud kitchens
Cloud kitchens are delivery-only properties that help restaurants reduce their real estate and labour costs while keeping the window of expanding brands and offerings rapidly. Swiggy claims to have created 8,000 jobs through Access and looks to add 7,000 more in the next 6 months.
As WeWork board mulls CEO ouster, there are echoes of the fall of Travis Kalanick
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Uber’s CEO vows to tackle those losses, with help from India
Khosrowshahi says Uber will continue to invest there, and is confident his team can build products that fit not just the Indian market but could also be exported to growth regions of the next decade from the Middle East to Africa.
Big tech regulation shouldn’t sweep up startups, Uber CEO says
Tough regulation could stifle innovation and block the next wave of significant technology companies from even existing in the first place, Khosrowshahi said.
Uber Ex-CEO Kalanick grabs slice of Behrouz biryani parent
Food is prepared through a network of tightly-packed kitchen spaces in affordable locations, far from the bustling high streets that restaurant brands favor.
What if Silicon Valley’s ‘brilliant jerks’ are just jerks?
People like Levandowski, Travis Kalanick and Elizabeth Holmes are regarded as scrappy, visionary entrepreneurs, until they go too far, receive unwanted attention or someone with power (or courage) stands up to them.
Uber, Travis Kalanick in business again. This time, as rivals
Kalanick, who was ousted after a series of scandals, has largely tried to keep his second act under wraps.
Fine-dining chains smell the money in delivery-only brand
Firms utilise their excess kitchen capacity and cloud kitchens to cash in on the food-delivery boom.
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