Cohort III: Spacebasic

Around 80% of schools and universities in India still use manual processes to manage operations outside of the classroom. Educators, staff and administrators often spend an inordinate amount of time and effort on daily repetitive tasks. In this digital era, continuing with these outdated manual processes often have a visible, adverse impact on an educational institution’s productivity, efficiency and bottom line.?SpaceBasic enables colleges and universities to drive student success with an enhanced student experience that extends beyond the campus.

Space Basic facilitates the creation of student housing communities by digitising everyday tasks and communication to deliver an amazing living experience. From campus housing, to integrated payments and digital cafeteria, Space Basic allows students to navigate the university experience with ease, while also providing staff and management with access to data-driven insights to work more effectively everyday. Their one-stop solution for onboarding, day-to-day management, payments, and deriving data-driven insights increases efficiency in operations and management and reduces resource wastage substantially.

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●?????Why We Invested

This budding EdTech startup has already gained great traction, counting established players in higher education among their 42 paying clients, servicing around 27,074 active students and 6000 active faculty. With tiered pricing models that are region-specific, they are able to offer highly flexible, competitive pricing options to clients.

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The market opportunity for Space Basic is massive, with even a 10% market share in India alone presenting an ~INR 306 Cr ARR opportunity across 4000 institutions. Their competitive advantage lies in their product design and architecture which is par excellence and their ability to scale and integrate with other systems seamlessly .

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Space Basic possesses a first mover advantage as there are no direct competitors in this sector with capabilities that are equivalent to their technology. Moreover, the founders are a dynamic and experienced duo, who have a proven track record of product specialist and entrepreneurial domain expertise.

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●?????The Founding Team

SpaceBasic was founded by two dynamic entrepreneurs, with Madhavi Shankar at the helm, as Co-Founder and CEO and Indu Navar as Investor and Chairwoman.

Madhavi holds her MS and MBA degrees from Australia and is an experienced product specialist having served as a PM for Asia-Pac at Vodlo. Indu Navar is a veteran investor and entrepreneur based in Silicon Valley. She is the ex-CEO of Serus Corporation and was a founding member of WebMD.