Zepto had operational funds stuck in SVB at the height of the crisis, along with many other Y Combinator-backed startups. According to a WhatsApp poll reported by ET, at least 40 Indian startups backed by YC had between $250,000 and $1 million in SVB, while over 20 startups had deposits exceeding $1 million—leaving them dangerously exposed.
from Tech-Economic Times https://ift.tt/ZTk57Q2
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