Monday 26 October 2020

Travis Kalanick’s ghost kitchen empire, plus proptech investing for the masses

Not spooked: Kalanick bets on “ghost kitchens” Uber co-founder Travis Kalanick pioneered ride-sharing. Next up? Kitchen sharing. Companies tied to Kalanick’s CloudKitchens, an L.A. company that rents space to food delivery startups, have shelled out $130 million to buy 40 properties nationwide, reported the Wall Street Journal. “Ghost kitchen” companies rent out non-traditional spaces — CloudKitchens bought shuttered restaurants, auto-body shops and warehouses — to food businesses that don’t want to buy or lease restaurant



source https://therealdeal.com/2020/10/26/travis-kalanicks-ghost-kitchen-empire-plus-proptech-investing-for-the-masses/

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