Startup
India can rub shoulders with top nations in spacetech, says Skyroot COO
Spacetech is one domain where India can rub shoulders with the top nations in the world, according to
Co-founder and Chief Operating Officer Naga Bharath Daka.During a fireside chat at YourStory’s DevSparks Hyderabad 2024, an event focused on the developer ecosystem, Daka highlighted that this achievement is possible thanks to the government’s supportive policies and an existing industrial ecosystem tailored for high-tech endeavours.
According to the Skyroot COO, the Indian Space Research Organisation (ISRO) has fostered a robust vendor ecosystem, including private players manufacturing aerospace-grade components in India.
“India is uniquely positioned to leverage this ecosystem and get more private endeavours,” he emphasised.
He noted that private spacetech companies in India don’t need to invest heavily in building factories for rocket manufacturing, thanks to the well-developed ecosystem.
In November 2022, Skyroot made history as the first South Asian company to reach space with the launch of its Vikram S rocket, named after Dr Vikram Sarabhai, the founder of the Indian space programme.
Daka pointed out that the government permits private entities like Skyroot to utilise public infrastructure established by ISRO, significantly reducing development costs. For instance, during the Vikram S launch, the rocket was Skyroot’s, but the launch pad and tracking facilities were provided by ISRO.
The ability to demonstrate a product without needing all the necessary funding has enabled many people to venture into spacetech, he added.
Highly supply-constrained market
While both government agencies like ISRO and private players such as Elon Musk’s SpaceX offer space launch services, Daka views space launch as a “highly supply-constrained market.”
“If a satellite has to be sent to orbit, the company sending it needs to book the ride to orbit a year in advance, despite companies like SpaceX launching very frequently,” he added.
Hyderabad-based Skyroot is developing Vikram-1, an orbital launch vehicle designed to deploy satellites into Earth’s orbit. The company aims to launch Vikram-1 by the end of this year. Once operational, it will meet satellite operators’ launch needs.
According to the Skyroot COO, India’s cost advantage, demonstrated by its affordable missions to Mars and the Moon, naturally extends to the private sector.
Daka predicts that over the next decade, around 80% of global satellites will be small satellites weighing 500 kg or less.
“We started Skyroot with the objective to provide small launch vehicles, which can carry small satellites to orbit to provide an on-demand and affordable solution to go to space,” he noted.
Skyroot is beginning with cost-effective, expendable launch vehicles like Vikram-1, designed for small satellite launches. However, the company aims to develop reusable launch vehicles, as this technology could significantly reduce launch costs.
Future of spacetech
Currently, high access costs limit space applications, but as these costs decrease, new possibilities will emerge, such as space manufacturing and data storage, as part of Space 4.0, according to Daka.
Moreover, initiatives like the recently announced Rs 1,000-crore venture capital (VC) fund will boost India’s growing space economy.
“This push from the government, with its own fund and independent evaluation of startups, will encourage more people to venture into space. It will provide the seed capital needed to develop their MVP and raise further funds in the future,” Daka remarked.
According to him, five years ago, the VC ecosystem lacked interest in funding deeptech and spacetech companies due to policy gaps. However, this has changed, and many VCs now have developed theses for deeptech and spacetech investments.
Spacetech can be divided into upstream and downstream sectors. Upstream includes launch vehicles and space infrastructure like satellites. Downstream encompasses services derived from space, such as imaging and communication (e.g., SpaceX’s Starlink broadband).
Daka emphasised that communication is the next big frontier, noting that in this decade, long-duration flights will offer broadband internet, thanks to emerging broadband satellites like Starlink.
He also suggested that entrepreneurs entering the space ecosystem should consider downstream areas such as geospatial analytics, which require less capital investment.
Recently, GalaxEye, a downstream player, which develops multi-sensor imaging satellites with optical and radar technologies for continuous, all-weather Earth observation, raised $6.5 million in Series A funding.
Startup
Taming the restless ‘Monkey Mind’: 6 signs and calming tips
Do you ever feel as if your thoughts are racing, jumping from one idea to the next without pause? This restless state of mind, commonly known as the “monkey mind,” can leave you feeling overwhelmed, distracted, and unable to focus. Imagine a monkey swinging from branch to branch—never still, always moving. The monkey mind does something similar, dragging your attention in multiple directions at once. In a world filled with constant notifications, endless tasks, and overstimulation, it’s no wonder our minds are often buzzing with a mix of unfinished thoughts, worries, and ideas.
Recognising and managing a monkey mind can be a game-changer for mental clarity, productivity, and peace. In this article, we’ll dive into six telltale signs of a monkey mind and explore proven strategies to calm it down and regain focus.
6 Telltale signs of a monkey mind
1. Constant overthinking
A classic sign of a monkey mind is constant overthinking. You may find yourself analysing every detail, reliving past conversations, or stressing over hypothetical situations that may never happen. This mental loop can keep you from moving forward or making decisions, trapping you in a cycle of what-ifs.
Try to channel overthinking into action by setting a time limit for worrying or planning, and then move on. Journaling can also help you process your thoughts and release them from your mind. Practicing mindfulness by focusing on what you’re doing right now can redirect your attention away from endless what-ifs.
2. Difficulty focusing on a task
If you find yourself switching tasks frequently, unable to concentrate on one thing for long, it’s a clear sign your mind may be restless. The monkey mind is easily distracted, often drawn to anything that promises novelty or instant gratification.
Implementing techniques like the Pomodoro Method—where you work for 25 minutes and then take a 5-minute break—can improve focus. Create a designated workspace, eliminate distractions, and try using noise-cancelling headphones or listening to concentration-friendly music to help you stay on task.
3. Procrastination and avoidance
A monkey mind often leads to procrastination, especially when faced with big or daunting tasks. The mind can become overwhelmed by the task’s complexity, prompting you to avoid it entirely and instead focus on smaller, less important activities.
Break tasks into smaller, manageable steps to make them feel less overwhelming. Set a specific goal for each work session, even if it’s just to complete a small portion. Reward yourself for each accomplishment, no matter how small, to keep your momentum going.
4. Heightened anxiety or stress
With the mind constantly jumping from one thought to another, stress and anxiety levels can increase. A monkey mind often dwells on worst-case scenarios and hypothetical fears, causing a continuous cycle of worry and tension.
Incorporate regular deep-breathing exercises or meditation into your day. Slow, mindful breathing can help activate the body’s relaxation response, lowering stress levels and bringing a sense of calm. For some, a quick physical reset—such as stretching or walking—can break the anxiety loop and help you feel grounded.
5. Trouble sleeping
If your mind feels like it’s in overdrive at night, it could be because of a monkey mind. Endless thoughts and worries can make it hard to fall asleep or stay asleep, leaving you feeling exhausted the next day.
Establish a calming bedtime routine to signal your mind and body that it’s time to wind down. Avoid screens at least an hour before bed, and consider listening to a guided meditation or calming sounds to lull your mind into relaxation mode. Journaling before bed can also help you clear your mind by putting your thoughts on paper.
6. Feeling constantly distracted
A monkey’s mind craves stimulation and often finds it challenging to stay present. You may find yourself constantly checking your phone, seeking out new content, or even daydreaming when you should be focused on a task at hand.
Practice “mindful breaks” during your day—short intervals where you put down your devices, observe your surroundings and ground yourself in the present. Limiting the number of things you try to multitask can help, too. Start by giving your full attention to one task, and slowly build your focus endurance from there.
Conclusion
Our minds are naturally curious, and having occasional restless thoughts is normal. However, when the monkey mind takes over, it can disrupt our peace, productivity, and well-being. Recognising the signs of a monkey mind and incorporating calming strategies—like mindfulness, structured work sessions, and relaxation techniques—can help you regain control over your mental landscape. The next time you find your mind swinging wildly, try one of these calming techniques to bring yourself back to a state of balance and clarity.
By making mindfulness a habit and addressing the monkey mind head-on, you’ll be able to cultivate a deeper sense of peace, focus, and contentment in your daily life.
Startup
Swiggy IPO gets oversubscribed led by QIB bids
Foodtech giant Swiggy IPO was oversubscribed 1.07 times by Friday afternoon, the third day of its book-building process.
Qualified Institutional buyers (QIBs), which typically invest on the last day to gauge overall market demand, came through for the company’s IPO, with the portion oversubscribed 1.52 times.
According to the BSE, non-institutional investors(NIIS) made bids for 22% of the allocated issue size, while retail investors subscribed to 97% of the portion.
The Sriharsha Majety-led company saw the quota reserved for employees being subscribed 1.38 times.
On the first and second days of the book-building process, Swiggy IPO was subscribed only 35% and 12%, respectively.
Swiggy has secured nearly Rs 5,085 crore (about $605 million) from anchor investors, including the life insurance and mutual fund divisions of HDFC, ICICI, and SBI. The anchor book attracted participation from over 75 major domestic mutual funds, along with international investors such as Astrone Capital, Fidelity, and BlackRock.
The Bengaluru-headquartered company, which competes with publicly listed Zomato and General Catalyst-backed Zepto, has set its IPO price band at Rs 371 – Rs 390 per equity share.
Startup
OpenAI spent $10 million on this domain: Here’s why!
Have you checked out X (formerly Twitter) lately? If you have, you might have come across an intriguing post by Sam Altman featuring a mysterious URL called “Chat.com”, with no caption. Curious? When you click on it, you’re taken straight to OpenAI’s groundbreaking tool, ChatGPT.
OpenAI has made headlines recently with a jaw-dropping move: they reportedly shelled out over $10 million for this domain! At first glance, this looks like a steep price tag in an era where many brands are trimming their budgets to stay lean.
So, what’s the story behind this hefty domain purchase? Let’s take a closer look at this!
Why OpenAI spent millions of dollars on a domain
This strategic move is driven by OpenAI’s mission to establish itself as a dominant force in the realm of AI-powered tools, particularly through its flagship product, ChatGPT.
In the tech world where innovation reigns supreme, securing a domain that perfectly aligns with the branding and functionality of its most popular service is a given. Today, ChatGPT has rapidly become a go-to AI tool used by millions for generating images, answering questions and offering assistance with content creation and even programming.
So, OpenAI’s purchase of chat.com is not just about owning a cool web address—it’s a calculated move to enhance its digital identity and ensure that the ChatGPT experience remains tied to its brand as it expands its offerings.
The bigger picture: OpenAI and HubSpot
In a surprising turn of events, the tech world is buzzing over OpenAI’s recent million-dollar domain acquisition, leaving many to wonder about its intriguing backstory. The domain in question, chat.com, has quite the history—it was initially registered way back in September 1996.
Fast forward to 2023, and it found a new owner in Dharmesh Shah, the co-founder and CTO of the widely popular CRM platform HubSpot, who purchased it for a staggering $15.5 million! But the plot thickens!
Just a few months later, in March, Dharmesh dropped a bombshell: he sold chat.com to an anonymous buyer for an undisclosed sum, which has now been confirmed to be OpenAI. While Sam Altman has remained tight-lipped about the specifics of the acquisition, reports from The Verge suggest that Dharmesh may have pocketed more than $15 million from the sale.
This hefty investment in chat.com is more than just a flashy purchase; it’s part of OpenAI’s strategic vision. Owning a domain that’s not only memorable but also inspires trust is crucial for establishing credibility and attracting customers in this competitive landscape.
Chat.com is now ChatGPT’s new destination
Spending more than $10 million on a domain might seem extravagant, but for OpenAI, this investment is a strategic move aimed at building a more unified, and recognisable brand. With chat.com, the company positions itself at the centre of the rapidly growing AI-powered market. As OpenAI continues to innovate, this domain acquisition will likely prove to be one of the company’s most crucial investments in securing its place at the top of the AI industry.
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