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Madhavi Shankar (left) and Indu Navar
SpaceBasic is an edu-tech company that is making student accommodation and university hostels smarter through an app. SpaceBasic was founded in 2017 by Madhavi Shankar and Silicon Valley based serial entrepreneur Indu Navar. The app helps educational institutions automate everyday tasks and communication within their hostels and student housing communities. The app has grown 300% year over year. It expects to accelerate towards a revenue goal of $25mn in 2026, capturing revenues from the U.S. and India market.
In this exclusive interview, Madhavi Shankar, CEO and Co-Founder of SpaceBasic, talks to NEHA KIRPAL about SpaceBasic’s unique features and plans for the future.
What was the idea, inspiration behind starting SpaceBasic in 2017?
MS: I had some experience working in an early stage startup in Sydney, Australia. Drawing from my international student experience, I was very keen to start a company in India in the student space. In 2017, on a trip to the Bay Area, I was introduced to Indu who was based in San Francisco. We met for a casual chat and we thought it would be a social meeting. A short meeting turned out to be a long and detailed conversation about startups. We both wanted to do something in the education space. We decided to explore the pain points in the education sector. After that, I quit my job in Australia and returned to India to solve a real problem in the education sector.
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Neha Kirpal is a freelance writer based in New Delhi. She writes on travel, books, music, art, culture and theatre.
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Courtesy : https://theteenagertoday.com/spacebasic-digitization-for-the-future/