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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The website beam.org needs no introduction for it has received multiple awards and recognition for its social impact. It is the world’s first online platform that supports homeless people, refugees and prison-leavers to get off the streets and into careers they love, all through crowdfunded donations. The man behind this social cause is none other than Alex Stephany.

A British citizen, Alex was educated at Haberdashers Aske’s School and later at Oxford University where he graduated in the English language. When he was 19, he secured his first job as an English teacher in China. But soon he moved to law and began working at Clifford Chance, a British multinational law firm, where he didn’t survive long. After working for different companies and experimenting with various start-ups, he finally got into the parking app JustPark and became its CEO. JustPark connects drivers in search of parking with anyone who has a spare space — whether it is a private driveway or a public school. This service is able to generate millions of pounds annually for families and businesses.

Stephany was already a successful entrepreneur when he happened to meet a homeless man at his local tube station. He bought the man coffee and thermal socks and got to know a little about his life. But he realized that giving such temporary solace just wasn’t enough to make a real, tangible difference in his life.

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Alzheimer’s disease is a well-known ailment that predominantly affects individuals over the age of 65. Since the elderly are more susceptible to this condition, it has become imperative to provide them with special care, as they often experience memory loss and forgetfulness. In some cases, they may even struggle to recall their own name or the names of their family members. During such instances, it becomes challenging to allow them to venture out on their own, necessitating the presence of a caregiver to assist them.

Addressing this challenge, Hemesh Chadalavada, a 16-year-old residing in Hyderabad, Telangana, has devised a groundbreaking solution for Alzheimer’s patients — the Alpha Monitor. His innovation has significantly improved the lives of many individuals grappling with this debilitating disease. Hemesh’s primary motivation for creating this device originated from his own grandmother’s battle with Alzheimer’s. Seeing his grandmother’s suffering, Hemesh felt compelled to develop something that could not only aid her but also benefit others facing a similar predicament.

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