social | Pixr8 News

The Starbucks Corporation informed media that the CEO of Starbucks Howard Schultz is stepping down this month. Myron E. "Mike" Ullman would be the new chairman upon Schultz's retirement. Howard Schultz joined coffee chain group 30 years ago. He oversaw the transformation of Starbucks into a global chain with more than 28,000 locations. He is now focused on innovation and social impact projects and also writing a book about Starbucks' social impact efforts. "Starbucks changed the way millions of people drink coffee, this is true, but we also changed people's lives in communities around the world for the better," Schultz said in a letter to Starbucks employees. Schultz said he was considering "a range of options for myself, from philanthropy to public service," but wasn't sure wh...

Venture capital firm SAIF Partners today announced that it has invested USD 1 million (around Rs 6.8 crore) in a pre-series A funding deal in online counselling platform YourDOST. "SAIF Partners has invested USD 1 million into the Bengaluru-based venture which offers online counselling and emotional wellness support to users to bolster their mental health," Saif Partner said in a statement. YourDOST has raised a total of USD 1.2 million in the round with the repeat participation of seven angel investors- Venk Krishnan (NuVentures), SubbaraoTelidevara (NuVentures), PhanindraSama (Redbus), Aprameya (Taxi4Sure), Paula Mariwala (Seedfund), Vibhu Garg (Unicommerce), Gaurav Bhalotia (Flipkart). "YourDOST will strategically allocate the funds raised to rope in senior professionals from t...