Kalanick’s 3D Chess Move Involves Saudi Sovereign Wealth Fund Investing in CloudKitchens

Posted on 11/14/2019


Saudi Arabia’s Public Investment Fund (PIF) gave US$ 400 million to former Uber CEO Travis Kalanick’s shared kitchen space company, CloudKitchens. The deal was completed in January 2019, but only recently announced. CloudKitchens now has a valuation as high as US$ 5 billion, pending further financing. The company looks for distressed real estate to buy […]