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Starbucks sets up $100 million fund to invest in food and retail startups

Updated : March 20, 2019 11:36 PM IST

The fund, Valor Siren Ventures Fund, will later seek to raise an additional $300 million, the world's largest coffee chain said on Wednesday, ahead of its annual shareholder meeting.
Starbucks reaffirmed its longer-term revenue and profit targets and said it would buy back $2 billion in shares, as part of a commitment to return $25 billion to shareholders through 2020.
Starbucks sets up $100 million fund to invest in food and retail startups

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