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Former Uber CEO Travis Kalanick’s New Startup CloudKitchens Is Already Worth $5 Billion
They say lightening doesn’t strike twice, but nobody bothered to tell Travis Kalanick. Kalanick, who led Uber into becoming the world’s most valuable startup before he was unceremoniously ousted from his own company, has hit the ground running with his new entrepreneurial venture. Kalanick’s secretive new startup, CloudKitchens, has quietly raised $400 million from Saudi Arabia’s sovereign wealth fund, and the deal has valued his barely-one-year-old company at a cool $5 billion. While CloudKitchens is...