📺 Stream EntrepreneurTV for Free 📺

The Ed-Tech Disruptor SpaceBasic caters to over 50 colleges and pan-Indian universities, including Shankar's alma mater, PES University, Manipal University, and REVA University, and 150k+ users with its digital campus facilities

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

SpaceBasic
Madhavi Shankar, co-founder and CEO, SpaceBasic

Aby-chance meeting and a five-hour conversation is what led to conceptualizing SpaceBasic in 2017. A brainchild of Madhavi Shankar and Indu Navar, the startup aims at building a connected ecosystem in educational institutes across the country with digitized campus housing, integrated payments, digital cafeteria, smart IDs, etc. A graduate of computer science from CMR Institute of Technology, Bangalore, Shankar went on to do her master's in Engineering Management and Business Administration from University of Technology, Sydney. In Australia, she worked with an early stage software enterprise for four years and during that time realized that she wanted to start her own venture. In 2016, she met with a successful women entrepreneur and now co-founder from Silicon Valley and struck a conversation with her. The coincidental chat went on for a good five hours! And SpaceBasic was born. Shankar quit her job and returned to India to solve the problem in the education space. There she realized that over 80 percent of Indian universities used little technology outside the classroom. "Campus operations like student housing, managing cafeterias, and access control were ineffective and all performed manually with fragmented data sources. We knew there had to be a better way!," Shankar adds.

SpaceBasic caters to over 50 colleges and pan-Indian universities, including Shankar's alma mater, PES University, Manipal University, and REVA University, and 150k+ users with its digital campus facilities. Since its inception, SpaceBasic has been bootstrapped, but last year, it raised funds from early- stage VCs. The startup aims at reaching profitability by 2024 and plans to become a crossborder Software-as-a-Service company.

Entrepreneur Staff

Entrepreneur Staff

Editor

Business News

James Clear's Atoms App Promises to Help Break Bad Habits and Create Better Ones — Here's How It Works

The app turns Clear's best-selling book, "Atomic Habits," into something actionable.

Business News

There Are Only 6 Major Cities Left in the U.S. With 'Affordable' Homes Matching Median Incomes — Here's the List

Homeownership is not affordable for the typical household in 44 of the 50 largest cities in the U.S.

Business News

'Everyone Is in Complete Shock': A 500-Person Tesla Team Found Out 'in the Middle of the Night' Their Charger Division Was Laid Off

Other car companies that use the technology, such as General Motors and Ford, also weren't expecting the news, according to reports.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

Thinking of Franchising Your Business? This Franchise Consultant Shares His Most Essential Advice After 20 Years in The Industry

Franchising is a significant commitment and one that a business owner should investigate thoroughly, starting with some self-examination, some business analysis, and the guidance of seasoned, professional franchising advisors.

News and Trends

Former BharatPe COO Dhruv Dhanraj Bahl Launches INR 120 Cr Maiden VC Fund

The fund seeks to create a diverse portfolio of "solutions for the future" and intends to invest in 40 start-ups over the course of the next three years, ranging from seed to pre-series A.