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Indian spacetech startup Skyroot has raised over $4 million in a round led by one of Google’s earliest backers

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Indian spacetech startup Skyroot has raised over  million in a round led by one of Google’s earliest backers

Indian space startup Skyroot Aerospace has raised $4.5 million in a bridge round led by one of Google’s early backers, Ram Shriram, through his venture capital (VC) firm Sherpalo Ventures.
The round was co-led by Wami Capital, with participation from former WhatsApp executive Neeraj Arora and former Google executive Amit Singhal. A bridge round is an intermediate funding round that precedes a larger funding round.
“India has long been a leader in rocket launch capabilities, especially when costs have been significantly reduced. Skyroot has taken this technological prowess to a new level with its innovative and cost-effective space launch capabilities, disrupting the current state of the global launch market,” said Shriram of Sherpalo Ventures.
The company was founded in 2018 by former Indian Space Research Organization (ISRO) scientists Pawan Kumar Chandana and Naga Bharath Daka.
Skyroot Aerospace previously announced that it was in talks to raise $40 million to fund a commercial operation it plans to launch next year. The company will raise the round with new and existing investors.
The company announced an $11 million funding round in the first half of 2021, the same day its rival Agnikul raised the same amount. This is the largest round of funding raised by an Indian aerospace technology startup.
Skyroot is backed by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli. Other notable investors include ex-Graph Ventures, Worldquant Ventures and Mukesh Bansal, who previously founded Myntra and Cure.fit.
The three-year-old startup is the first private Indian aerospace company to successfully test an all-cryogenic rocket engine called Dhawan-1, in honor of prominent Indian scientist Satish Dhawan.
It will not license or sell its cryogenic engine technology to any other partners, but will use it to facilitate its operations. It will partner with other companies capable of building satellites, mainly Earth observation and communications satellites, and help them launch them into space.
Hyderabad-based Skyroot claims it may be the cheapest satellite launch vehicle in the world.

Complete News Source – Business Insider

Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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