Will take up SVB-linked startups woes with FinMin, says Rajeev Chandrasekhar
1 year, 9 months ago

Will take up SVB-linked startups woes with FinMin, says Rajeev Chandrasekhar

Live Mint  

Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Tuesday said that the ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse with the finance ministry to help them navigate through the crisis and address the immediate liquidity crunch they are facing. The minister asked startups to explore ways to use the Indian banking system and shared that the government will try to create a framework to help them continue to operate the way they do in the US without any hassle. A venture capitalist said that several startups have to make significant expenses in silicon valley, but the FEMA rules are not friendly to fund their operations overseas, and if the money comes back, there are questions that if the Enforcement Directorate will allow easy flow of the overseas fund. The minister said that he will take up the issue of startups in helping them transfer their money to Indian banks, and facilitate them with credit lines to meet immediate liquidity crunch and other issues to navigate them easily through the storm while re-emphasising on use of Indian banks for the transactions.

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History of this topic

US authorities investigate Goldman Sachs over Silicon Valley Bank collapse
1 year, 7 months ago

US authorities investigate Goldman Sachs over Silicon Valley Bank collapse

Live Mint  

Goldman Sachs' is facing the scrutiny of US authorities over its work with Silicon Valley Bank and its connection with the events that led to the collapse of the California bank. Goldman Sachs is fully cooperating with the ongoing investigation by US authorities and providing all the required information various government bodies, the financial institution said in its stock exchange …

Silicon Valley Bank: US Fed calls for tougher bank rules after SVB collapse
1 year, 7 months ago

Silicon Valley Bank: US Fed calls for tougher bank rules after SVB collapse

Live Mint  

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank last month. "Following Silicon Valley Bank's failure, we must strengthen the Federal Reserve's supervision and regulation based on what we have learned," Federal Reserve vice chair for supervision Michael Barr wrote in …

Profits at big US banks show few signs of industry distress
1 year, 8 months ago

Profits at big US banks show few signs of industry distress

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Despite a pair of historical …

Profits at big US banks show few signs of industry distress
1 year, 8 months ago

Profits at big US banks show few signs of industry distress

Associated Press  

NEW YORK — The nation’s largest banks appear to be weathering the current turmoil in their industry just fine. Despite a pair of historical failures last month that put the nation’s banking industry into crisis mode, the nation’s biggest banks posted strong profits last quarter, helped by higher interest rates and a U.S. economy that keeps growing and adding jobs …

Prompt action ensured Indian startups were not impacted by SVB crisis: Govt
1 year, 8 months ago

Prompt action ensured Indian startups were not impacted by SVB crisis: Govt

Live Mint  

Amid the Silicon Valley Bank collapse making global headline, Union Minister Ashwini Vaishnaw on 27 March said that government's prompt action to help Indian startups after the aftermath ensured they were not adversely impacted by the 'minor crisis'. The entire startup community to think of the Indian banking sector as their trusted partner, he said, adding, the rapid strides taken …

Collapsed Silicon Valley Bank sold to US rival First Citizens
1 year, 8 months ago

Collapsed Silicon Valley Bank sold to US rival First Citizens

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy First Citizens Bank has bought …

Good News for SBV customers! First Citizens to acquire troubled Silicon Valley Bank
1 year, 8 months ago

Good News for SBV customers! First Citizens to acquire troubled Silicon Valley Bank

India TV News  

SBV Crisis: North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. Shares in mid-sized San Francisco-based First Republic Bank, which serves a similar clientele as Silicon Valley Bank and had appeared to be facing a similar crisis, surged 24.3% in …

Explained | Will the SVB collapse impact Indian start-ups?
1 year, 9 months ago

Explained | Will the SVB collapse impact Indian start-ups?

The Hindu  

The story so far: On March 10, banking regulators in the U.S. took control of the Silicon Valley Bank, which typically catered to start-ups, venture capitalists and tech firms, after it suffered a sudden collapse. Finance Ministry officials said the failure of SVB was likely to impact some Indian tech start-ups and IT firms, but that any broader “contagion” that …

The global banking turmoil explained; what’s happening at SVB, Credit Suisse
1 year, 9 months ago

The global banking turmoil explained; what’s happening at SVB, Credit Suisse

Live Mint  

It all started on 10 March, 2023 after Startup-focused lender SVB Financial Group became the largest bank failure since the financial crisis, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. At least four major banks, including Societe Generale and Deutsche Bank, are restricting new trades involving Credit Suisse or its …

Explained | What’s next for Silicon Valley Bank?
1 year, 9 months ago

Explained | What’s next for Silicon Valley Bank?

The Hindu  

The story so far: The collapse of the California-headquartered Silicon Valley Bank in 40 hours the previous week caused panic in the global tech-based start-up ecosystem.The California Department of Financial Protection closed the bank and took possession of the private lender — citing inadequate liquidity and insolvency. This morning, the Government and the Bank of England facilitated a private sale …

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem
1 year, 9 months ago

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem

The Quint  

With more than 5,000 funded start-ups having raised over USD 135 billion in capital investment, India boasts of the third largest startup ecosystem in the world, which has also spawned more than 100 unicorns. While e-commerce and fintech have received more than half of the total investment, enterprise tech, Edutech, health-tech, and other sectors have seen many startups growing into …

Silicon Valley’s Favorite Bank Was Its Single Point of Failure
1 year, 9 months ago

Silicon Valley’s Favorite Bank Was Its Single Point of Failure

Bloomberg  

For 40 years, Silicon Valley Bank enmeshed itself in the venture capital community, often with the comfortable touches of a beloved hometown bank. Sequoia Capital partner Michael Moritz compared the bank to a “cherished local market” where the people behind the counter knew every customer’s name and sold them their cut of meat with a smile. In cities such as …

Silicon Valley Bank Was Not Your Bank
1 year, 9 months ago

Silicon Valley Bank Was Not Your Bank

Slate  

Silicon Valley Bank exploded last Friday, leaving the kind of wreckage that is only possible when people in charge of a financial institution blow it epically. Then inflation became a big thing, and the Federal Reserve raised interest rates, and suddenly SVB’s bond holdings were less valuable, because they were earning interest at lower rates than investors could get elsewhere. …

Massive job cuts in India due to Silicon Valley Bank collapse? Experts say…
1 year, 9 months ago

Massive job cuts in India due to Silicon Valley Bank collapse? Experts say…

Hindustan Times  

Silicon Valley Bank, a major depository to tech companies and startups, went bankrupt on Friday, leaving depositors scrambling for their money. Impact of Silicon Valley Bank collapse on Indian financial sector "Indian financial system could get impacted if the exporters who are dependent on US market start seeing slowdown in their businesses and that would impact job growth and ability …

Indian banking system is robust, startups may explore using it:MoS Chandrasekhar
1 year, 9 months ago

Indian banking system is robust, startups may explore using it:MoS Chandrasekhar

Live Mint  

Union Minister of State for Skill Development & Entrepreneurship and Electronics and IT, Rajeev Chandrasekhar interacted with over 450 startups, owned/co-owned by Indians, Venture Capitalists, Industry leaders and others stakeholders on the collapse of Silicon Valley Bank through video conferencing from New Delhi on Tueday. Rajeev Chandrasekhar said the Indian banking system was robust and suggested that they could explore …

From Moody’s downgraded outlook to oil prices, top 10 updates of SVB collapse
1 year, 9 months ago

From Moody’s downgraded outlook to oil prices, top 10 updates of SVB collapse

Live Mint  

The revised outlook of Moody's Investors on the US banking system to ‘negative’ from ‘stable’ has further increased the market chaos that emerged as the after-effect of Silicon Valley Bank's collapse in the economy. From crashing global oil prices to falling currencies, the bank runs at Silicon Valley Bank, Silvergate Capital Corp, and Signature Bank have begun a cycle of …

Silicon Valley Bank’s demise disrupts the disruptors in tech
1 year, 9 months ago

Silicon Valley Bank’s demise disrupts the disruptors in tech

Associated Press  

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. “They were the gold standard, it almost seemed weird if you were in tech and didn’t have a …

SVB Crisis: Check The List Of Companies Impacted By US Bank Collapse
1 year, 9 months ago

SVB Crisis: Check The List Of Companies Impacted By US Bank Collapse

ABP News  

Silicon Valley Bank, regarded as a major lender for venture capital-backed firms, especially for tech start-ups, was seized by California banking regulators on Friday. Roku, a streaming devices maker, told the news agency that it has about $487 million, or 26 per cent of its cash and cash equivalents, held in deposits with SVB. Cohu Inc, a semiconductor products maker …

SVB resolution reassuring, will bring relief to startups: IT minister Ashwini Vaishnaw
1 year, 9 months ago

SVB resolution reassuring, will bring relief to startups: IT minister Ashwini Vaishnaw

Firstpost  

New Delhi: Amid US administration’s move to backstop collapsed Silicon Valley Bank’s deposits, IT minister Ashwini Vaishnaw has said the developments are “reassuring” and will bring relief to startups. After receiving recommendations from the boards of the Federal Deposit Insurance Corporation and the Federal Reserve, and consulting with the president, US Treasury Secretary Janet Yellen on Sunday approved actions enabling …

SVB resolution reassuring, will bring relief to startups: Minister Ashwini Vaishnaw
1 year, 9 months ago

SVB resolution reassuring, will bring relief to startups: Minister Ashwini Vaishnaw

Deccan Chronicle  

New Delhi: Amid US administration's move to backstop collapsed Silicon Valley Bank's despoits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. After receiving recommendations from the boards of the Federal Deposit Insurance Corporation and the Federal Reserve, and consulting with the president, US Treasury Secretary Janet Yellen on Sunday approved actions enabling …

Silicon Valley Bank collapse: This firm is looking to buy part of bank's loans
1 year, 9 months ago

Silicon Valley Bank collapse: This firm is looking to buy part of bank's loans

Hindustan Times  

Apollo Global Management Inc. expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week. Apollo, one of the world’s largest alternative asset managers, is among other investors looking to buy pieces of Silicon Valley Bank, according to people familiar with the matter. The Federal Deposit Insurance Corp. …

Regret and blame in Silicon Valley after overnight collapse of SVB
1 year, 9 months ago

Regret and blame in Silicon Valley after overnight collapse of SVB

Firstpost  

Silicon Valley Bank, like many other niche banks around the world, was a highly specialized lender with specific idiosyncrasies – and its one-track focus could have been its undoing San Francisco, United States: The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so …

Silicon Valley Bank collapse: Here's what it means for climate tech
1 year, 9 months ago

Silicon Valley Bank collapse: Here's what it means for climate tech

Hindustan Times  

As the buoyancy drained out of the tech sector last year, leading to almost 100,000 job cuts in the US, cleantech looked like a bright spot. “Most banks, they’re banking against assets or cash flow,” said Tom Steyer, co-founder of the Galvanize Climate Solutions investment firm and a former Democratic presidential candidate. Eric Archambeau, co-founder at Astanor Ventures, which has …

Silicon Valley Bank execs, parent company sued after collapse
1 year, 9 months ago

Silicon Valley Bank execs, parent company sued after collapse

Al Jazeera  

Silicon Valley Bank’s parent company and two senior executives are facing a class-action lawsuit in the United States, where shareholders have accused the financial institution of failing to disclose the risks that anticipated interest rate hikes would have on its business. The lawsuit, which accuses SVB of violating federal securities laws, noted that the Federal Reserve, the US central bank, …

Why did Silicon Valley Bank fail and is a financial crisis next?
1 year, 9 months ago

Why did Silicon Valley Bank fail and is a financial crisis next?

Al Jazeera  

Economists see Lehman Brothers-style crisis as unlikely despite jitters following collapse of California-based lender. On Friday, United States regulators seized the assets of the Santa Clara, California-based bank after depositors began withdrawing funds en masse amid fears over the lender’s financial health. Since then, financial regulators around the world have raced to contain the fallout of SVB’s collapse, the biggest …

How Silicon Valley Bank crisis may impact MF, IPO, other assets — explained
1 year, 9 months ago

How Silicon Valley Bank crisis may impact MF, IPO, other assets — explained

Live Mint  

SVB collapse: After the Silicon Valley Bank crisis, global equity markets and US dollar are under stress. However, this is restricted to US bond market only, for Indian treasuries, which are regulated by Reserve Bank of India, this crisis won't have much impact. Hit on US-IPO market On how this SVB crisis would impact equity market across globe, Kartik Jhaveri, …

Lesson from Silicon Valley Bank’s failure, Zerodha CEO Nithin Kamath explains
1 year, 9 months ago

Lesson from Silicon Valley Bank’s failure, Zerodha CEO Nithin Kamath explains

Live Mint  

Zerodha founder and investor Nithin Kamath said the lesson for the fallout of Silicon Valley Bank or the most recent collapse of a mid-sized Yes Bank in the Indian context is to have funds, especially working capital, distributed across a bunch of banks. Take a look at his tweet: The collapse of the Silicon Valley Bank has rocked the markets, …

Silicon Valley Bank Crisis: Timeline of How A Bank Collapsed In 24 Hours
1 year, 9 months ago

Silicon Valley Bank Crisis: Timeline of How A Bank Collapsed In 24 Hours

News 18  

The collapse of Silicon Valley Bank, also know as SVB, is being termed as the biggest bank failure since the crisis at Washington Mutual in 2008 or the global financial crisis. Silicon Valley Bank, which was the 16th biggest commercial lender in the US, is a subsidiary of SVB Financial Group and is considered the biggest bank in Silicon Valley …

How the US Federal Reserve is handling the Silicon Valley Bank crisis
1 year, 9 months ago

How the US Federal Reserve is handling the Silicon Valley Bank crisis

Hindustan Times  

The collapse of Silicon Valley Bank was swift and brutal, and left much of the world wondering what would come next. Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits and shore up confidence in the banking system. Here’s everything we know right …

More than 200 UK firms at ‘serious risk’ from Silicon Valley Bank collapse
1 year, 9 months ago

More than 200 UK firms at ‘serious risk’ from Silicon Valley Bank collapse

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She told Sky News: “When markets open tomorrow morning, a lot of businesses in the …

Silicon Valley Bank crash: Anupam Mittal expects ‘doomsday predictions’ to fail. Here's why
1 year, 9 months ago

Silicon Valley Bank crash: Anupam Mittal expects ‘doomsday predictions’ to fail. Here's why

Hindustan Times  

Sharing his opinion on the Silicon Valley Bank situation, Shaadi.com founder Anupam Mittal said the US government will ensure no ‘doomsday prediction’ plays out, as the issue has ‘serious political ramifications’ due to next year's presidential election. Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California. Anupam Mittal's LinkedIn post Responding to the Shaadi.com founder, a user, Ashish …

What happens to Indian startups after SVB’s fall?
1 year, 9 months ago

What happens to Indian startups after SVB’s fall?

Live Mint  

The shutdown and takeover of Silicon Valley Bank by US regulators has raised questions on how it impacts India’s startup industry. While the bank’s downfall officially started last week, the failure actually relates to the overall financial crisis plaguing the world. Its stock sale also collapsed however, and more clients withdrew funds leading the bank to seek alternative funding by …

Banks offer lifeline to SVB-hit startups
1 year, 9 months ago

Banks offer lifeline to SVB-hit startups

Live Mint  

At least three Indian banks—Axis Bank, Kotak Mahindra Bank, and ICICI Bank—along with the Indian unit of HSBC, assembled crack teams to work through the weekend to assist startups affected by the collapse of Silicon Valley Bank open new dollar accounts in Gujarat’s Gift City, which caters to non-residents and offshore entities. The banks set up specialized teams to assist …

Silicon Valley Bank ‘contagion’ may leave India unscathed
1 year, 9 months ago

Silicon Valley Bank ‘contagion’ may leave India unscathed

The Hindu  

The failure of the U.S.-based Silicon Valley Bank may only hit some Indian tech startups and IT firms for now, while any broader “contagion” effects that may arise will neither reach Indian shores in a hurry nor are they likely to trigger “systemic risks”, according to top Finance Ministry officials. However, the Central government is cognisant of the fact that …

Mumbai based co-op bank distances itself from Silicon Valley Bank, the U.S. collapsed lender
1 year, 9 months ago

Mumbai based co-op bank distances itself from Silicon Valley Bank, the U.S. collapsed lender

The Hindu  

The collapse of Silicon Valley Bank of the U.S. on Friday, the biggest bank failure since 2008, has led to alleged rumour mongering in India concerning a 116 year old Mumbai based cooperative bank that has issued a public statement on Twitter distancing itself from the troubled commercial lender. “SVC Bank is completely unrelated to Silicon Valley Bank which was …

SVB: How does the largest bank failure since the 2008 crisis impact startups
1 year, 9 months ago

SVB: How does the largest bank failure since the 2008 crisis impact startups

Live Mint  

Silicon Valley Bank is the talk of the town right now. Explaining the reason behind the collapse of Silicon Valley Bank, Suman Bannerjee, CIO of Hedonova, a US-based Hedge Fund, said, "I think Silicon Valley Bank fell victim to circumstances. Gaurav VK Singhvi, Co-Founder at We Founder Circle said, "SVB has been a preferred bank for a lot of Indian …

SVB crisis to impact over 10,000 startups, trigger 1 lakh layoffs: Y Combinator
1 year, 9 months ago

SVB crisis to impact over 10,000 startups, trigger 1 lakh layoffs: Y Combinator

Live Mint  

In a petition to the US government on Sunday, Y Combinator stated that around 10,000 small businesses with accounts in Silicon Valley Bank may be unable to pay their employees in the next 30 days, and approximately 1 lakh jobs are anticipated to be affected as a result of the collapse. The petition submitted to US Secretary of the Treasury …

U.K. Prime Minister Rishi Sunak recognises ‘anxiety’ over Silicon Valley Bank collapse
1 year, 9 months ago

U.K. Prime Minister Rishi Sunak recognises ‘anxiety’ over Silicon Valley Bank collapse

The Hindu  

British Prime Minister Rishi Sunak said on March 12 he recognised the "anxiety" over the collapse of Silicon Valley Bank but his government was working to find a solution that will secure customers' liquidity and cashflow needs. Mr. Sunak told journalists travelling to the United States that he understood "the anxiety and the concerns customers of the bank have" and …

Britain's tech sector at ‘serious risk’ after SVB collapse, says Chancellor
1 year, 9 months ago

Britain's tech sector at ‘serious risk’ after SVB collapse, says Chancellor

Hindustan Times  

Britain's technology and life sciences sectors are at "serious risk" following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday. "There is a serious risk to our technology and life sciences sectors, many of whom bank with this bank," Hunt said in an interview with British television channel Sky News. Hunt said the governor of the …

‘Mischief-mongering’: Mumbai lender affected by collapse of Silicon Valley Bank
1 year, 9 months ago

‘Mischief-mongering’: Mumbai lender affected by collapse of Silicon Valley Bank

Hindustan Times  

The Silicon Valley Bank collapse has created ripples in the banking sector across the world. As soon as the news of SVB's collapse spread like wildfire, Mumbai-based SVC Bank became the unexpected victim of rumour-mongering on social media. A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in …

Silicon Valley Bank collapse likely to impact Indian startup ecosystem: Experts
1 year, 9 months ago

Silicon Valley Bank collapse likely to impact Indian startup ecosystem: Experts

Hindustan Times  

The collapse of Silicon Valley Bank, 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, industry experts say. The FDIC, in a statement, said as of December 31, 2022, the Silicon Valley Bank had approximately USD 209.0 billion in …

Silicon Valley Bank Failure: Fears for tech startups rise as fallout spreads
1 year, 9 months ago

Silicon Valley Bank Failure: Fears for tech startups rise as fallout spreads

Firstpost  

New York, United States: Silicon Valley Bank’s stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout. The company, whose website says it is “the financial partner of the innovation economy,” was taken over Friday by the US Federal Deposit …

’Ab number aayega inka’: Ashneer Grover takes a dig at VCs after SVB’s collapse
1 year, 9 months ago

’Ab number aayega inka’: Ashneer Grover takes a dig at VCs after SVB’s collapse

Live Mint  

Ashneer Grover, co-founder and former MD of Indian fintech company BharatPe, has taken a dig at venture capitalists after the collapse of the US's Silicon Valley Bank. Some of the Indian Startups and venture capital firms have exposure to the Silicon Valley Bank. Moreover, some of the funds such as Sequoia Capital, Accel, Ribbit Capital, Index Ventures, and Bessemer Venture …

Modi minister to meet Indian startups affected by Silicon Valley Bank collapse
1 year, 9 months ago

Modi minister to meet Indian startups affected by Silicon Valley Bank collapse

Hindustan Times  

Union Minister Rajeev Chandrasekhar will meet this week with Indian startups affected by the abrupt closure of troubled Silicon Valley Bank to understand the impact and offer government assistance in overcoming the crisis. I will meet with Indian startups this week to understand the impact on them and how Narendra Modi's government can help during this crisis," the union minister …

SVB Meltdown: No money for salaries, start-up group starts petition for compensa
1 year, 9 months ago

SVB Meltdown: No money for salaries, start-up group starts petition for compensa

Live Mint  

In the wake of Silicon Valley Bank's collapse, many startups by Y Combinators, a startup incubator that launched Airbnb, and Dropbox and have referred multiple entrepreneurs to the bank are struggling to secure working capital. Tan has addressed a petition to Secretary Janet Yellen, Chairman Martin J. Gruenberg, Chairman Sherrod Brown, and Chairman Patrick McHenry, requesting urgent relief and attention …

From wine country to London, bank’s failure shakes worldwide
1 year, 9 months ago

From wine country to London, bank’s failure shakes worldwide

Associated Press  

NEW YORK — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. The Bank of England said late Friday that it will put Silicon Valley Bank UK in its insolvency procedure, which will pay out eligible depositors up to 170,000 British pounds for joint accounts “as quickly as possible.” “We know that there are …

SVB meltdown: These Indian startups to bear brunt
1 year, 9 months ago

SVB meltdown: These Indian startups to bear brunt

Live Mint  

The collapse of Silicon Valley Bank has put the focus on Y Combinator-backed Indian startups. “No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” Impact on YC-backed Indian startups SVB has invested in around 21 Indian startups, as per Tracxn data, but the exact investment amount is unclear. Tracxn data also shows that …

SVB collapse: Rajeev Chandrasekhar to meet with leaders of Indian startups
1 year, 9 months ago

SVB collapse: Rajeev Chandrasekhar to meet with leaders of Indian startups

Live Mint  

Union minister of state for information and technology Rajeev Chandrasekhar will meet the representatives from the country's startup community amid the collapse of the Silicon Valley Bank which has sent shockwaves across the globe. In a tweet, the minister said," The SVB Financial closure is certainly disrupting startups across world.Startups are an important part of India Economy. In the UK, …

Collapse of Silicon Valley Bank to impact Indian startup ecosystem, feel experts
1 year, 9 months ago

Collapse of Silicon Valley Bank to impact Indian startup ecosystem, feel experts

The Hindu  

The collapse of Silicon Valley Bank, 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, industry experts say. I will meet wth Indian Startups this week to understand impact on thm n how @narendramodi govt can help durng this …

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