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Uber founder Travis Kalanick has reportedly raised $400 million for his next act from Saudi Arabia.

“It also has its own delivery restaurants “Everything about the restaurant experience is designed for walk-ins and reservations,” the company says” writes Graham Rapier for businessinsider.com. “And while delivery is an increasing percentage of the business, many operators are forced to trade-off the dine-in experience with a booming delivery business.”. According to The Wall Street Journal’s Rory Jones and Rolfe Winkler, the billionaire quietly raised $400 million Saudi Arabia’s sovereign-wealth fund in January, in a deal that values CloudKitchens, a delivery-only restaurant company at $5 billion.
 
Source: businessinsider.com



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