Get All Access for $5/mo

Travis Kalanick's Undying Love for India Returns With a New Fund The fund '10100' will focus on Indian and Chinese innovations

By Sanchita Dash

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Wikimedia Commons

You cannot take away entrepreneurship from an entrepreneur. The man who gave us Uber, Travis Kalanick had been missing in action ever since his exit from the cab-hailing company. His much-talked about exit was after the gender discrimination and sexual harassment claims made by several female employees. But now he has made a comeback with a new fund – 10100.

The fund will focus on Indian and Chinese innovations, which made the announcement of the fund an interesting one for the Indian start-up ecosystem.

Kalanick took to Twitter to announce the fund, which he said will be home to his passions, investments, ideas and big bets.

He tweeted, "The overarching 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."

Recently, Kalanick sold a third of his entire stake in Uber to Softbank Capital which gave him a whopping $1.4 billion. Kalanick had also begun making investments, with the most recent one being Kareo, an Irvine-based medical healthtech company. He had even joined the board of the company.

While more details about the fund are awaited, Kalanick's interest in Indian innovations is not new. Entrepreneur India takes a look at how the billionaire entrepreneur has been bullish about the Indian market and its innovations.

Uber's India Ride Driven by Kalanick

Even when he was the CEO of Uber, Kalanick was bullish about the Indian market. He once spoke about even acquiring Indian citizenship to ensure Uber works swiftly on the Indian roads, while also pushing a big part of Uber's investments into the Indian market. Kalanick was always sure about India being a priority market for the cab-hailing start-up, something that has been continued by his successor Dara Khosrowshahi. In an interview with a national daily, Amit Jain, Uber India President, had said that Kalanick during his term with Uber was deeply involved in the India business.

Since its entry into India in 2013, Uber has built a strong customer base and has over 5 million active weekly users in India.

Kalanick Believes in India's Jugaad

Kalanick has even visited India multiple times, most recently for the launch of the UberMOTO in India. During his visit, which was filled with meetings with ministers and bureaucrats, Kalanick spoke to start-ups too at Hyderabad's T-Hub. He spoke about India's way of doing business (joking that jugaad has become his favourite word). While interacting with start-ups, he stressed on the need for founders to tether their ideas to reality. Advising start-ups to go global, he asked them to go ahead with it as that they wouldn't know about the consequences unless they do it.

During his visit to T-Hub, Kalanick also signed up with an Indian start-up DesiOPT, which helps Indian students in the US find jobs there. Kalanick immediately signed up with the start-up for a one-year contract with Uber.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 


Growing a Business

How AI Startups Can Increase Their Chances of Success in Today's Landscape

The AI B2C sector is set to take off for startups that identify their market and address the tech challenges.

Business News

Why Does Taylor Swift Keep Stopping Her Shows Mid-Song? It's Actually a Great Lesson in Leadership.

Taylor Swift has paused nearly half of her shows while on the European leg of her Eras tour, and the reason is something leaders can learn from.

Growing a Business

10 Years, 10 Lessons — Key Insights From a Decade of Entrepreneurship

In honor of my business's 10-year anniversary, here are 10 lessons I've learned about entrepreneurship and leadership along the way.

Business News

Report: Elon Musk to Donate $45 Million a Month to Pro-Trump Super PAC

Musk reportedly already made at least one donation to America PAC.

Growing a Business

5 Insights I Learned While Growing My Business from a Startup to a 500-person Company

Scaling a startup from 10 people to 5 hundred is thrilling, but navigating the growth can be tricky. Here are 5 hard-won insights to help you transform your startup into a structured business with a clear roadmap and the right team behind you.

Business News

Can ChatGPT Help Start a Business? I Tried the Latest Version, GPT-4o, to Find Out.

I tried ChatGPT for business advice, from the perspective of a first-time founder looking for ideas and guidance.