Silicon Valley Bank jitters likely to be felt among Indian start-ups

The company has investments in close to 21 start-ups in India

The crisis at Silicon Valley Bank (SVB), which is in talks on sale after efforts to raise capital failed, may have consequences for the Indian start-up world.

According to the Tracxn data, SVB has invested in close to 21 start-ups in the country. But the amount of investment could not be ascertained.

One of its significant investments is in SaaS-unicorn Icertis. The company had secured $150 million in funding, consisting of a revolving credit facility and convertible financing from SVB.

Icertis became a unicorn in 2021 and got this investment from SVB in October last year. An email asking the