silicon valley bank indian startups

Minister of state for electronics and information technology Rajeev Chandrasekhar said on Sunday he would meet Indian startups in the coming week to gauge the impact of the Silicon Valley Bank (SVB) crisis.“The @SVB_Financial closure is certainly disrupting startups across the world. Startups are an imp part of #NewIndia Economy. I will meet with Indian Startups this week to understand impact on them n how @narendramodi govt can help during this crisis,” Chandrasekhar tweeted.The @SVB_Financial closure is certainly…

The collapse of Silicon Valley Bank (SVB), the largest vendor in the startup ecosystem, is likely to adversely impact the Indian startup scenario as well as it has injected a lot of uncertainty in the sector overnight, say industry experts."Hopefully the matter will get resolved, but I think it is a big hit for Indian startups," Ashu Garg, a prominent Silicon Valley-based venture capitalist and early-stage investor for over two decades, said. California-based SVB, the 16th largest bank in the United States, was closed on…