Updated: April 06, 2023, 07:14 PM IST
livemint
Video calls throw light on the reasons behind… MoreThis video explores the reasons behind the collapse of Silicon Valley Bank and how it will affect Indian startups. Silicon Valley Bank (SVB), a financial services provider specialized in serving technology startups, has announced a significant loss on its portfolio, triggering panic among venture capitalists who have sought to limit exposure to portfolio businesses. and instructed to withdraw his funds from the bank. SVB’s clients are mostly US-based startups, with about half of these US venture capital-backed startups doing business with the bank. The impact of SVB’s troubles on the Indian startup industry is a concern, as many Indian startups raised funds from US investors and used SVB for their services. Despite concerns about cash flow problems and funding delays, the industry is far from panic and has weathered past crises. It remains to be seen how the SVB troubles will affect the startup world in the long term, but for now investors and startups are cautious.