More than a decade ago, SVB’s India dream went awry because of regulations and reciprocity issues. In hindsight, a conservative RBI may have inadvertently saved Indian startups from a bigger crisis.
In the infancy of the Indian venture capital and startup ecosystem, Silicon Valley Bank (SVB) had a more active local presence. It was an early mover with a USD54 million fund that it floated in India way back in 2006. SVB India Capital Partners, led by Ash Lilani, invested in a bunch of startups. It adopted a collaborative style and helped several VC firms set up their India operations through a corporate concierge service, according to a
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