https://techcrunch.com/2023/03/11/silicon-valley-bank-collapse-is-impacting-many-indian-startups/

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away.

Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out the money on time, multiple people familiar with the situation said.