Uber ex-CEO Travis Kalanick grabs slice of India’s cloud kitchen arena

Uber Technologies Inc. co-founder Travis Kalanick has invested in India’s largest shared-kitchen company, a person familiar with the matter said, taking his second act in business to one of the world’s fastest-growing internet arenas.

Kalanick’s real estate company, City Storage Systems, bought a small stake in Rebel Foods Pvt as part of a previously disclosed $125 million round of funding, the person said, asking not to be identified talking about a private deal. The entrepreneur has taken a slice of a business valued at $525 million that delivers butter chicken and paneer-topped pizzas to millions of Indians, backed by big-name investors from Coatue Management and Goldman Sachs to Sequoia Capital and ride-hailing giant Gojek. Rebel Foods is now expanding beyond its home turf and into Southeast Asia and the Middle East.