Former Uber CEO moves into food with $400m Saudi serving
Travis Kalanick’s CloudKitchens — a ‘dark kitchen’ — got the boost from the Saudi public investment fund
07 November 2019 - 17:29
London — Travis Kalanick’s secretive new food start-up took $400m (R5.9bn) of funding from Saudi Arabia’s public investment fund (PIC), the Wall Street Journal has reported, citing people familiar with the matter it didn’t identify.
The financing valued the former Uber Technologies CEO’s CloudKitchens at about $5bn, according to the report, which said the deal was completed in January...
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