Microsoft is the first US-based investor in Uber known to have backed CloudKitchens, the “dark kitchen” start-up run by the ride-hailing company’s controversial co-founder Travis Kalanick, according to two people with knowledge of the investment. The investment was part of CloudKitchens’ $850mn funding round that closed in November 2021, a combination of debt and equity that valued the Los Angeles-based company at $15bn, the people said. Since receiving the cash boost, CloudKitchens has been able to supercharge its growth globally, as reported by the Financial Times on Tuesday, with more than 4,000 employees across the US, Latin America, the UK and the Middle East. Read More...
Microsoft is the first US-based investor in Uber known to have backed CloudKitchens, the “dark kitchen” start-up run by the ride-hailing company’s controversial co-founder Travis Kalanick, according to two people with knowledge of the investment. The investment was part of CloudKitchens’ $850mn funding round that closed in November 2021, a combination of debt and equity that valued the Los Angeles-based company at $15bn, the people said. Since receiving the cash boost, CloudKitchens has been able to supercharge its growth globally, as reported by the Financial Times on Tuesday, with more than 4,000 employees across the US, Latin America, the UK and the Middle East.
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