Anagh Pal15 Mar 2023, 14:50
The French say "Plus ça change, plus c'est la même chose" - which means that the more things change, the more they stay the same. When SVB Bank failed, it was a repeat of the panic that gripped markets in 2008 after the Lehman crisis. This sent shockwaves across the Indian startup community, as many startups, especially those incubated by American accelerator YCombinator, had deposited money with the bank.