Uber Co-Founder is building an India team for his new CloudKitchen startup. Saudi's SWF backs the venture.
On Cloud Dine: As per reports, Uber Co-Founder Travis Kalanick is building an India team for his new venture, City Storage Systems.
Cloudy with a Chance of Meatballs: On CloudCity Storage Systems runs delivery-only kitchens called CloudKitchens and is currently operating in stealth mode.
Kalanick's new venture has started engagements with restaurant chains and real estate developers in Mumbai, as well as begun early discussions with marketplaces including Swiggy, UberEats, and Zomato. ET Tech
Saudi Arabia’s sovereign-wealth fund has pumped $400mn into Travis Kalanick’s new venture, valuing it at about $5bn. WSJ
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