‘Ten-one-hundred’ will look to invest in real estate, e-commerce and emerging innovation

Travis Kalanick

Travis Kalanick

Travis Kalanick, Co-founder and former CEO of  global ride-hailing giant Uber, said on Wednesday that he plans to launch an investment fund, called 10100.

The fund, whose name is pronounced as ‘ten-one-hundred’, will look to invest in real estate, e-commerce and emerging innovation in China and India, Kalanick said in a Twitter post.

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

Over the past few months, I have started thinking about what’s next. I have begun making investments, joining boards, working with entrepreneurs and non-profits. Today, I am announcing the creation of a fund called 10100 (ten-one-hundred), home to my passion, investments, ideas and big bets. It will be overseeing my for-profit investments as well as my non-profit work.

The overreaching theme will be large-scale job creation, with investments in real estate, ecommerce and emerging innovation in China and India. Our non-profit efforts will initially focus on education and the future of cities.

In July last year, Kalanick resigned as Uber CEO following a tumultuous six months of scandal and under pressure from five of Uber’s largest investors. The resignation came just one week after Kalanick began an indefinite leave of absence amid efforts to bring about wholesale change of Uber’s corporate culture.

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In August, former Expedia CEO Dara Khosrowshahi was appointed the CEO of Uber.

 

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