An essential component of the emerging Indian economy is startups. This week, I’ll meet with Indian startups to discuss the crises’ effects on them and how the government can assist The state minister for IT, Rajeev Chandrasekhar, stated on Twitter.
One is in India one of the largest start-up industries in the world, with many recording recent valuations in the billions of dollars and receiving support from international investors who have placed risky bets on digital and other such enterprises.
Source: Bloomberg Television
The greatest U.S. financial failure since the 2008 financial crisis, SVB’s loss has shaken up global markets, taken a toll on banking equities, and is now worrying Indian businesspeople.
One lender to Indian start-ups and two partners at an Indian venture capital fund told Reuters that they are checking with portfolio businesses to see if they have any SVB exposure and, if so, whether it constitutes a sizable portion of their total bank balance.
Source: Head Topics
Because they either do not have an SVB or have received the majority of funding in India recently, consumer internet businesses are less affected.
Comment down below.
