The Ripple Effects of the SVB Debacle on Indian Entrepreneurs
The recent collapse of Silicon Valley Bank (SVB) has raised concerns among Y Combinator-backed Indian startups. The situation is still uncertain, with startups eagerly waiting for the US Fed to take action. Startups in India who have deposits with SVB might face the brunt of this loss.
The collapse of SVB has once again highlighted the need for Indian startups to have diversified financial portfolios and explore alternative options for banking and financing. With the pandemic already having taken a toll on the startup ecosystem, is this loss yet another challenge that startups in India will have to navigate?
Let’s find out.