San Francisco March 8 (IANS) Tainted Uber co-founder and former CEO Travis Kalanick has revealed plans to launch a new investment fund that will focus on large-scale job creation in India and China.
In a tweet Kalanick said the fund called the "10100 Fund" will look into investment areas like real estate e-commerce and emerging innovations.
"The over-arching theme will be about large-scale job creation with investments in real estate e-commerce and emerging innovations in China and India. Our non-profit efforts will initially focus on education and the future of cities " Kalanick tweeted late on Wednesday.
According to media reports Kalanick will likely invest in startups that have between 10 and 100 employees -- the magic growth stage for startups.
Kalanick was forced out as the company s CEO in July over a number of controversies and mis-steps including allegations of widespread sexual harassment against women in the company.
Susan Fowler a former site reliability engineer levelled numerous allegations of sexism against her former superiors in a blog post.
This led to further allegation from other employees prompting Uber to conduct internal investigations.
Kalanick still remains on the company s board of directors.
Kalanick co-founded Uber in 2009 and made the ride-hailing app one of the world s most valuable companies.
In his 2016 trip to India as Uber CEO Kalanick had urged ex-servicemen in India to avail entrepreneurship opportunities with the company as driver partners.
Kalanick also felicitated some drivers for their extraordinary service to the country.
--IANS
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