- The collapse of Silicon Valley Bank is impacting startups 8,000 miles away.
- Dozens of Indian startups, backed by YC, Accel, Sequoia India, Lightspeed, SoftBank, and Bessemer Venture Partners, banked with Silicon Valley Bank.
- For some, Silicon Valley Bank was their only banking partner.
- Many of these startups are now unable to take out loans or access their funds.
Silicon Valley Bank collapse impacts Indian startups