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Filter Capital closed its Rs 800 crore first fund, targeting Series B and C rounds in growth-stage companies. The Mumbai-based firm focuses on software services-linked businesses and plans to deploy capital for five years.
The social media giant will start applying "Made with AI" labels in May to AI-generated videos, images and audio posted on its platforms, expanding a policy that previously addressed only a narrow slice of doctored videos, Vice President of Content Policy Monika Bickert said in a blog post.
In the latest dispute, MEMG Family Office, led by Ranjan Pai, in March initiated arbitration proceedings against Byju for allegedly not repaying its loans amounting to $42 million through a pre-agreed transfer of certain shares of a Byju's group company, Aakash Education.
Backing of a large local investor, considerable net worth of promoter and founder are among key requirements laid down by the sector regulator.
Sapiens is working with investment bank William Blair to gauge interest from potential buyers that could include private equity firms, the sources said.