Silicon Valley Bank collapse impacts Indian startups

Image Credit: Techcrunch
  • 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.
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