Travis Kalanick launches investment fund focused on India and China

Uber's former CEO Travis Kalanick is launching a new investment fund called the 10100 Fund that will focus on “large-scale job creation.”

Investment areas are to include real estate, e-commerce and emerging innovations in China and India. The fund will be directly overseen by Kalanick and will focus on "large scale job creation," he said in a blog post. He noted that investments will be in both profit and non-profit projects.

Some news… pic.twitter.com/urFBrb9aCV

— travis kalanick (@travisk) March 7, 2018

Well, this will surely keep Kalanick busy, at least until he finds his next full-time job. Fresh off selling almost a third of his Uber shares to SoftBank Capital, Kalanick certainly has cash to spare. That transaction netted Kalanick almost $1.4 billion.

Last June, Kalanick was forced to step down from his CEO post at Uber, a company he co-founded nine years ago. 2017 was a tough year for Uber and Kalanick who was blamed for fostering a toxic corporate culture. While he was in charge, the company was accused of everything from sexual harassment to stealing self-driving car trade secrets to devising a secretive software tool meant to thwart the police.