📺 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

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Collaboration

5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.