Kalanick announced through micro-blogging site Twitter on Thursday that he was setting up a fund called 10100 (pronounced "ten-one-hundred"), which he said will be home to his passions, investments and big bets.
"I love Uber more than anything in the world and at this hard moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight", Kalanick said in a statement at the time.
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He went on to add that the fund will invest in start-ups in India and China.
Travis Kalanick has also disclosed that the real estate sector, ecommerce and emerging innovation will be the key sectors for his for-profit investments in India will be directed at and large-scale job creation will be the target and objective.
'It will be overseeing my for-profit investments as well as my non-profit work, ' he said.
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Kalanick was not immediately available to respond to additional queries regarding his new venture.
Earlier this year, Kalanick partly sold his 10 per cent stake in Uber for around $1.4 billion.
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Although he is now further estranged from his company, Uber continues to weather issues that Kalanick fomented while there, such as covering up a massive cyber attack and stealing trade secrets from Waymo, Google's former self-driving auto project. However, now, the former Uber CEO is back with a new plan. However, Uber's new CEO, Dara Khosrowshahi maintained that India remains a core market for the ride-hailing firm which will continue to aggressively invest and grow its share in the market.