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Welcome To IANS Live - SCIENCE-AND-TECHNOLOGY - SVB saga: Recur Club allocates $15 mn to fund payroll for affected Indian startups

To further bolster and support the ecosystem, Recur Club will not charge any platform fees.

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Silicon Valley Bank - Minister of State for Electronics and IT Rajeev Chandrasekhar to meet start-ups to assess Silicon Valley Bank collapse impact

Industry watchers expect a quick takeover of the bank as it has enough assets that can be liquidated to return money to the clients

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Revenue financiers fund SVB-hit startups

The firms are extending credit against frozen SVB deposits as well as against future working capital receivables.

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MoS IT Chandrasekhar To Meet Start-Ups To Assess SVB Collapse Impact

Minister of State for Electronics and IT, Rajeev Chandrasekhar will meet representatives of start-ups this week to assess the impact of their exposure to Silicon Valley Bank which was deeply entrenched in the tech startup ecosystem.

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