Prasanthi, we have confirmed the reported issue ' issues with uploading SVG images' as a defect and logged a defect report. We will fix this issue in our upcoming patch release which is scheduled for thrid week of August 2023.
You can track the status of the bug through the below feedback link:
https://www.syncfusion.com/feedback/45839/resolve-the-issue-while-inserting-svg-image
Disclaimer: “Inclusion of this solution in the weekly release may change due to other factors including but not limited to QA checks and works reprioritization.”