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Madhavi Shankar

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How SpaceBasic Reached $20K a Month and 160,000 Users Digitizing Student Housing for Indian Universities (Interview with Co-Founder Madhavi Shankar)

Madhavi Shankar (Co-Founder and CEO of SpaceBasic) spoke to Nathan Latka on November 5, 2021.

SpaceBasic figures from the interview

Annual Revenue (2021)
$240K
MRR (2021)
$20K
Total Users (2021)
150,000 to 160,000
Universities (2021)
~70
Total Funding Raised
$250K to $500K
“So we are a B2B SaaS platform. What we do at spacebasic is we digitize student campus housing communities. All of the tasks that happen on day to day basis is completely digitized. What we do from that data that we collect from the day to day tasks is we go ahead and kind of, with our analytics, turn that into useful information for universities and students.”
“So on an average, it depends. We charge between $4 to $9 per student per year, Since it's still, you know, that's the basic version, but like when we add the AI aspect of it, it kind of customizes. There's an enterprise pricing available as well. But that's the, you know, average ballpark of how a university would pay us here in India.”
“So we have users. When I say users, what I mean is students, staff, educators, administrators, their parents, etcetera. So all of our users in total come up to about one fifty, one sixty thousand users.”

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Bio

Co-Founder & CEO - SpaceBasic,Inc. Forbes Asia 30 under 30 | TEDx & United Nations Youth Speaker | Govt of India & United Nations - Top 30 Women Transforming India Entrepreneur, technology enthusiast. Passionate about building and engineering consumer driven products, across scale. Contributing towards global women employment and equal opportunities.

Company

SpaceBasic

Bengaluru, India · Founded 2018

Revenue
$500.9K
Funding
$250K
Team size
25
Customers
70

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