Travis Kalanick's food delivery startup secured $400m from Saudi Arabian wealth fund
Nabanita Dutta
News Editor
Image Credit: shortpedia
Cloudkitchens, Uber co-founder and former CEO Travis Kalanick's food delivery startup has recently secured funding of 400 million from Saudi Arabia's sovereign-wealth fund. Not much is known about Kalanick's new venture yet. However, online food delivery services in India is estimated to touch a whopping $17.02 billion by 2023 and that Kalanick found that a lucrative enough option for him to invest in.
