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Uber co founder Travis Kalanick To Sell 29% of Stock
The co founder of Uber Technologies Inc., Travis Kalanick is planning to sell 29% of his stock in Uber for about $ 1.4 billion. According to people familiar with the matter, Kalanick’s sale is part of a deal with a group of investors led by SoftBank Group Corp.
As a part of the latest investment round, SoftBank and a consortium of investors have agreed to buy stock from existing investors and employees, valuing the company at $ 48 billion. Last week, SoftBank and other investors secured agreements from shareholders who were willing to sell their stock in Uber. Post this transaction, SoftBank will take a 17% stake in the ride hailing services company.
Kalanick, who currently owns 10% of the company, will be letting go of one-third of his shares and had offered to sell as much as half of his stake in the firm. Sources further added, a limit was placed on the maximum amount of stock board members were allowed to tender as a part of the agreement. Many investors did not get to unload as many shares as they had hoped because of the widespread interest to sell.
While Uber’s valuation, for this funding round by SoftBank, has been reduced by 30% from its most recent valuation of $ 68 billion, the investor consortium will be investing $1.25 billion at the older, higher valuation.
The taxi hailing startup first confirmed the billion dollar deal with SoftBank and other investors in November last year. According to the agreement, Dragoneer Investment Group would lead the consortium to invest $ 1 billion to $ 1.25 billion in Uber while SoftBank would buy up to 17% of the existing shares from investors and employees in a secondary transaction.
As a part of the investment deal, Uber had to agree to a set of sweeping changes in the company including changes in its governance and reducing the influence of Travis Kalanick. The former CEO was ousted from the company last year after the company became mired in legal woes and a raft of government investigations. However, post selling his stake in the company, Kalanick would become an actual billionaire for the first time.
OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.
Beyond Moderation
AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:
- early risk detection
- human-centered intervention
- stronger emotional safety frameworks
This positions AI as more than an information tool—it becomes part of broader digital support systems.
Key Industry Impact
Trusted contact models could influence future safety standards across:
- AI assistants
- mental health platforms
- social media
- digital health services
The Bigger Challenge
While promising, success depends on balancing:
- privacy
- consent
- ethical intervention
- user trust
Final Take
This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
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