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Travis Kalanick Joins Medical Tech Startup Kareo’s Board Of Directors

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Travis Kalanick, the founder and former CEO of taxi hailing startup Uber, reportedly joined the board of directors for Kareo, a medical health tech startup. Kalanick, who was an angel investor in Kareo, will be joining the board along with author and entrepreneur Rob Reid.

Kareo provides technology enabled solutions to independent medical practitioners and helps with patient communications, payments and marketing. Based in Irvine, California, the company was founded by Dan Rodrigues in 2004 and has raised close to $125 million in venture funding. The company claims to have surpassed $70 million in annual revenue. In 2015, Kareo raised $55 million from health tech fund Montreux Equity Partners along with Silver Lake Waterman and existing investors such as OpenView Venture.

Speaking about the addition to the board, Kareo spokesperson said, “The company has experienced increasing provider growth in the last year and the changes in the healthcare sector now underway further accelerate demand for Kareo’s clinical and business management platform.” The spokesperson further added Travis and Rob each have valuable experience scaling technology businesses and the company is excited to have them contribute to the continued growth and success. With the addition of Kalanick and Reid, the total number of members on the board has risen to eight. Currently, the board members of Kareo include Dan as well as Michael Matley, Managing Director at Montreux Equity Partners.

Kalanick along with Rodrigues previously co founded Scour, a music search startup, in 1997. Axios reported, in a memo Rodrigues wrote to the employees, he said Kalanick has been an “enthusiastic believer in our vision since our inception and he is excited to work with us more directly to bring innovation to healthcare and help us reach out goals for market leadership.

Travis Kalanick was asked to step down as the CEO of Uber in June last year amid multiple controversies. Since his resignations as the CEO, this is Kalanick’s first appointment. However, Travis is still a part of the Uber board.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Kingdom of Innovation: Saudi Arabia Tops Global Startup Growth Rankings for 2025

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Saudi Arabia has been named the fastest-growing startup ecosystem in the world in the 2025 StartupBlink Global Startup Ecosystem Index, with a growth rate exceeding 200%—the only country in the global top 100 to achieve this milestone. This surge has earned the Kingdom the “Country of the Year” title, highlighting its transformation into a global innovation leader.

The report ranks 110 countries and 1,400 cities, with three Saudi cities—led by Riyadh—making the global top 1,000. Riyadh entered the world’s top 100 startup cities, posting a 134% growth rate, and solidifying its role as a regional tech hub.

Saudi Arabia now leads globally in HealthTech, nanotechnology, and transport tech, and ranks among the top in sectors like fintech, e-commerce, logistics, and gaming. The Kingdom’s rapid progress is fueled by Vision 2030, robust government support, and record venture capital investment, making it the most funded VC market in MENA.

Startups such as Tabby, Tamara, and Jahez exemplify this momentum, as Saudi Arabia emerges as a top destination for innovation and entrepreneurship.

 

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SC Grants Relief to Paytm’s First Games, Stays Massive GST Notice

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The Supreme Court of India has granted interim relief to Paytm’s gaming arm, First Games, by staying proceedings on a ₹5,712 crore GST notice issued by the Directorate General of GST Intelligence (DGGI). The notice, sent in April 2025, demanded GST for the period January 2018 to March 2023, based on the department’s view that 28% GST should be levied on the total entry amount, rather than the 18% GST currently paid on platform fees.

First Games challenged the notice in the Supreme Court, which on May 23, 2025, ordered a stay on all further proceedings until a final decision is reached. The dispute is part of a broader industry-wide debate over the correct GST treatment for real money gaming platforms, with similar cases pending before the court. Following the stay, Paytm shares rose nearly 2% in early trading, reflecting investor optimism.

The Supreme Court’s order provides temporary relief to First Games and signals ongoing judicial scrutiny of GST demands across India’s online gaming sector.

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