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Travis Kalanick Unknown Facts

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Travis Kalanick, the co founder of Uber, is famous for turning the startup into a billion dollar company.  Let us take a look at some unknown facts about Travis Kalanick.

Unknown facts about Travis Kalanick

1) Travis Kalanick was introduced to the entrepreneurial world from an early age, when he started selling knives door-to-door for a cutlery company called Cutco during his childhood.

2) Although he is widely known for starting companies like Uber, Scour and Red Swoosh, Kalanick started his first business at the age of 18.  Along with a friend, Kalanick started a SAT prep business called New Way Academy. 

3) Travis Kalanick was a very smart child.  He became interested in computers at an early age and learned how to code by the time he was in middle school.  Moreover, Kalanick scored 1580 out of 1600 in his SAT.

4) In 2001, Kalanick started a company called Red Swoosh.  In order to save money, Kalanick started living with his parents and eventually moved to Trivandrum, India and then to Thailand.

5) Travis Kalanick is a passionate Wii Sports Tennis player and plays the video game during his spare time.  According to investor Chris Sacca, Kalanick was ranked the second best player in Wii Sports Tennis in the world.

6) Travis Kalanick is known for his aggressive behaviour and once sent Instagram a cease and desist letter by posting it on the photo sharing social media platform, along with the caption, “Charming greeting card from a taxi cartel representative.” 

7) Despite his billionaire status, Travis Kalanick is famous for being a frugal person.  He is known to intentionally forget his wallet during team lunch and staying in cheap hotels while on vacation. 

8) Travis Kalanick’s house, which he purchased after selling Red Swoosh, is famously known as the Jam Pad.  This is because Kalanick’s house became the go to place for young entrepreneurs to hang out and discuss ideas.  Kalanick’s house also has its own Twitter account.

 

With a net worth of $ 5.28 billion, Travis Kalanick is one of the richest entrepreneurs in America.  Which of these unknown facts about Travis Kalanick surprised you the most? Comment below and let us know.

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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