“In case of India, the number of Indian startups [impacted] is definitely very high compared to other nations, except for US, but the capital would not be as much,” says Smriti Tomar, founder and CEO of Stack, a Y Combinator–backed startup, which had some funds in SVB. “What we can safely assume from that is that most startups have an exposure somewhere between $250,000 up till $1.5 million—this was the bracket where the majority of the startups believe that the money is blocked.”
Over the weekend, after SVB went down, hundreds of WhatsApp groups, communities, and support forums emerged to help people figure out how to react.
Many of them are
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