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Former Uber CEO launching fund targeting property, e-commerce in China, India

Former Uber Technologies Inc. CEO Travis Kalanick is launching a new fund, 10100, focusing on investments in real estate, e-commerce and emerging innovation in China and India.

Kalanick, who stepped down as Uber CEO in June 2017, announced the fund on Twitter.

TechCrunch reported March 7 that the fund is likely to invest in startups that employ between 10 and 100 people, adding that Kalanick would have capital at his disposal after a partial sale of his stake in Uber.

Bloomberg News reported in early January that Kalanick planned to sell roughly 29% of his stake in Uber for approximately $1.4 billion to SoftBank Group Corp. and a consortium of investors, citing people with knowledge of the matter. Kalanick owns roughly 10% of Uber, according to the news outlet.