Ahmedabad based SME lending platform Lendingkart Finance has raised $3.8 million in debt from State Bank of India (SBI). This loan of $3.8 million (Rs 25 crore) is in the form of credit facility. This means that company can extract the amount over separate channels whenever the need arises. In 2017, two private sector banks, Kotak Mahindra Bank…

India's leading digital payments platform Paytm has launched ‘Indian Open Source Project Incubator’ to enable building and development of innovative solutions among technology developers in India. With this endowment, PayTm is hoping to connect all tech enthusiasts including students and professionals from across the country. This incubator programme is a part of  ‘Paytm – Build for India’…

Baidu Inc, China's largest search engine provider is suing its former autonomous driving chief and his mobility startup JingChi Inc. for stealing their technology. According to the lawsuit, there is a dispute between Alphabet Inc. and Uber Technologies Inc. over allegations that their former employee took some of their valued data when he changed his ways.…

Delhi based YourQuote Solutions Pvt. Ltd, a user-generated content and digital community platform has raised $1 million in seed funding led by IDG Ventures India along with the participation of Atul Goel of the Essel City Group, and Axilor Ventures, founded by Infosys co-founders Kris Gopalakrishnan and S D Shibhulal. The newly acquired financing will be…