Travis invests $150 mn in real estate firm, will become CEO
Uber Co-founder Travis Kalanick has announced his new venture fund '10100' is investing $150 million in US-based City Storage Systems, a distressed real estate company. The fund will acquire a controlling stake, while Travis will serve as the firm's CEO. This is the first investment from '10100', which was launched this month with a focus on Indian and Chinese markets.