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The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away.

Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out the money on time, multiple people familiar with the situation said.

VCs are cautious about divulging the names of the impacted startups out of fear that it would impact the young firms’ prospects of raising capital in the future. Regulators stepped in Friday to shut down Silicon Valley Bank, the 16th largest in the U.S. and the bank for most startups.

Some Indian firms couldn’t timely move their funds from Silicon Valley Bank because they didn’t have another US banking account readily available, many venture capitalists recounted.

Many Indian startups are incorporated in Delaware to make it easier for them to raise capital from U.S. venture firms such as Y Combinator. Some SaaS firms are registered in the U.S. because even as they operate from India, they want to serve the international markets and want to be seen as a US-firm.

And for many firms that “flipped” their home base from to the U.S. from India, Silicon Valley Bank was the preferred choice, another person familiar with the matter said, pointing to many events sponsored by SVB.

Nearly all Indian SaaS startups with large presence in the U.S. banked with Silicon Valley Bank, a partner at one of the top venture funds said. Over a dozen Indian SaaS unicorns and many more “soonicorns” are headquartered in the U.S.

Many of these young firms did not diversify their funds into multiple banks because in the early days it’s usually not feasible to increase admin and operating costs.

A U.S.-based investor, who requested anonymity speaking candidly, said he knew for a fact that many Indian firms had about $4-10 million parked in their SVB accounts. A group of Indian YC founders polled members about their exposure to SVB and found that more than 60 firms had over $250,000 parked in SVB, according to results seen by TechCrunch.

Indian SaaS startups and otherwise those backed by YC who set up their companies in the U.S. and raised their maiden round there often had SVB as their default bank, Ashish Dave, India head of Mirae Asset, tweeted. “Uncertainty is killing them. Growth ones are relatively safer as they diversified.”

Garry Tan, the president of Y Combinator, said more than a 1,000 YC-backed startups are impacted by the collapse of Silicon Valley Bank. “30% of YC companies exposed through SVB can’t make payroll in the next 30 days,” he tweeted.

The story will be updated as we learn more.

Can’t solve today’s Wordle? We have the answer to Wordle (#630) on March 11, as well as some helpful hints to help you figure out the answer yourself right here. We’ve placed the answer right at the bottom of the page, so we don’t ruin the surprise before you’ve had a chance to work through the clues. So let’s dive in, starting with a recap of yesterday’s answer,.

Yesterday’s Wordle answer

Let’s start by first reminding ourselves of yesterday’s Wordle answer for those new to the game or who don’t play it daily, which was “revel.” So we can say that the Wordle answer today definitely isn’t that. Now, with that in mind, perhaps take another stab at it using one of these Wordle starting words and circle back if you have no luck. We’ll be here waiting.

Today’s Wordle answer

Today’s Wordle definition

And here’s what it means, according to our good friend ChatGPT: “Email, short for “electronic mail,” is a digital means of sending and receiving messages and data over the internet or other computer networks. It is a form of online communication that allows users to compose, send, and receive messages and attachments containing text, images, and other types of data to one or multiple recipients.”

Now that’s all solved and the definition is taken care of, and you’re armed with some tips to crush tomorrow’s Wordle, here are some games like Wordle you can try today.

Josh Butler, the chief executive of CompScience, a workplace safety analytics start-up, said he was unable to get his company’s money out of the bank on Thursday or before the bank’s collapse on Friday. The last day, he said, had been nerve-racking.

“Everyone from my investors to employees to my own mother are reaching out to ask what’s going on,” Mr. Butler said. “The big question is how soon will we be able to get access to the rest of the funds, how much if at all? That’s absolutely scary.”

CompScience was pausing spending on marketing, sales and hiring until it solved more pressing concerns, like making payroll. Mr. Butler said he had been prepared for a big crunch, given the doom and gloom swirling around the industry.

But “did I expect it to be Silicon Valley Bank?” he said. “Never.”

Camp, a start-up selling gifts and experiences for children, added a banner to its website on Friday that read: “OUR BANK JUST CLOSED — SO EVERYTHING IS ON SALE!”

The site offered 40 percent off with the promo code “bankrun” alongside a meme that included the words “i never liked the bay area” and “how could this happen.” A Camp representative said the sale was related to Silicon Valley Bank’s collapse and declined to comment further.

Sheel Mohnot, an investor at Better Tomorrow Ventures, said his venture firm advised its start-ups on Thursday to move money into Treasuries and open other bank accounts out of prudence.

“Once a bank run has started, it’s hard to stop,” he said.

Some of the start-ups that Mr. Mohnot’s firm has invested in chose not to move their money, while others were unable to act in time before the bank failed, he said. Now their biggest concern was making payroll, followed by figuring out how to pay their bills, he said.