PhonePe raises $200 million

Hello, The Silicon Valley Bank saga continues.  On Friday, SVB Financial Group filed for Chapter 11 bankruptcy protection days after US regulators took over its banking unit. However, SVB Securities and SVB Capital—entities the company is exploring ‘strategic’ alternatives for—are not included in its bankruptcy filing. Closer home, Union Minister Rajeev Chandrasekhar said deposits close to $1 billion attributable to…
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