Silicon Valley Bank Crisis and Paytm: America’s Silicon Valley Bank has investments in many Indian startup companies. One of these Paytm has made it clear that due to the sinking of the bank, there will be no crisis on it. Paytm Chief Vijay Shekhar Sharma has explained the whole thing related to this.
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Silicon Valley Bank Collapse: Silicon Valley Bank of America (SVB) Tech industry and startup companies are in trouble due to drowning. India is also not untouched by this, the bank has investment in many startup companies here. about it now paytm Paytm Has made it clear that the sinking of the bank will not affect it. Company Chief Vijay Shekhar Sharma (Vijay Shekhar Sharma) Has also given an explanation on this. SVB had invested in Paytm and its associate companies.
Vijay Shekhar Sharma wrote on Twitter that Silicon Valley Bank had withdrawn the investment made in Paytm long back. The bank had sold its stake to other private investors and earned handsome profits on it. Silicon Valley Bank had invested a total of $ 1.7 million (about Rs 13.93 crore) in Paytm.
Along with the news of the sinking of Silicon Valley Bank, it was said in media reports that the bank has invested $ 7.42 billion (about Rs 60,818 crore) in One97 Communications and its fintech platform Paytm. Vijay Shekhar Sharma has given clarification on this news.
(This news is being updated)
Source: www.tv9hindi.com
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