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Silicon Valley Bank collapse leaves Indian startups worried
The Statesman
|March 12, 2023
The collapse of Silicon Valley Bank (SVB) in the US has left several Indian startups which have exposure to its investments and whose raised funds may now be stuck, worried.
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According to recent data made available by global software-as-a-service (SaaS)-based market intelligence platform Tracxn, SVB had exposure in at least 21 startups in India, although it did not reveal the size of the investment in these startups.
Also, the beleaguered bank has not invested in any Indian startup lately.
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