Which startups in India affected by SVB scene?

Was any startup/investor( in India )impacted due to SVB insolvency?

Because you can't trust banks like Yes Bank, PMC etc , you should own immutable, counterparty-risk-free money like Bitcoin. Views?

Do you know if your company, or any other company that might be affected due to SVB’s ripple effect in India?

Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. Just yesterday Oslash announced it’s shutting down its app. Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.

https://themorningcontext.com/internet/what-does-softbank-know-about-india-that-others-dont Softbank is looking to offload India investments at any cost.

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? The ones that have cracked product, GTM, model, or something else. Name the best Indian startups :)

ReshaMandi, a startup that raised over $40 Mn in equity funding, is facing insolvency pleas and has allegedly coerced employees to join another company, Genzr Solutions Private Limited, leaving hundreds of former employees awaiting salary dues. - ReshaMandi's downfall was attributed to rapid expansion across various verticals, revenue inflation, and financial mismanagement, including inflated revenue, fake vendors, and loan defaults. - ReshaMandi's founders and management personnel have joined Genzr, a seemingly unrelated company, raising questions about the acquisition and the funding received from an unrelated source. - The failure of ReshaMandi has raised concerns about VCs investing without adequate due diligence and the accountability of investors and founders for the company's financial situation and treatment of employees. Source: Inc42 - https://inc42.com/features/inside-the-upheaval-at-reshamandi-a-questionable-2nd-innings-after-a-40-mn-collapse/