Founders of SpaceBasic_ Madhavi Shankar and Indu Navar(L to R)

Shaan Varia, Product Head, Gauntlet Network and Yousef Yacoub, a seasoned industry professional and early employee at Apple Inc and Sun Microsystems invest in the company and join the board to provide strategic guidance and scale technology to further fuel the company’s growth.

Bangalore, 30 June 2021: SpaceBasic, an AI-enabled digital data platform to automate everyday tasks and simplify communication within educational institutions and their student housing communities, has onboarded Shaan Varia and Yousef Yacoub to be a part of its board of advisors. They have also invested in the company. Shaan Varia is the Product Head at Gauntlet Network and has previously worked as the Engineering Lead at Google Inc. Yousef Yacoub is a seasoned industry professional and early employee at Apple Inc and Sun Microsystems.

SpaceBasic was founded in 2017 by Madhavi Shankar and Silicon valley based serial entrepreneur Indu Navar to help educational institutions to automate everyday tasks and communication within their hostels and student housing communities. 

Headquartered in Los Altos, California, and with an office in Bangalore. SpaceBasic has a highly accomplished founding team with over 60 years of global experience in building and scaling SaaS based enterprises with successful exits. 

Prior to co-founding SpaceBasic, Indu was the Founder and CEO of Serus Corporation, USA. She has previously worked at NASA in Moffett Field California. On the other hand, Madhavi was named as one of the top 30 women transforming India by Niti Ayog and the United Nations. She was among the top young entrepreneurs of the Forbes Asia 30 Under 30 List chosen in the category of enterprise technology. An active advocate of women employment and equal opportunities, Madhavi was also one among the 8 youth leaders chosen for the launch event of UN’s One million Youth leaders event that was held at United Nations Office in Geneva.

Madhavi Shankar, CEO and Co-Founder, SpaceBasic, said -- 
We are excited to welcome Shaan and Yousef to be a part of the team. Shaan’s understanding of AI in education and Yousef’s experience in building products will be of tremendous value to strengthen our tech capabilities and enhance our product. We are pleased with the further validation of our business model and I look forward to working with them to accelerate our next phase of growth and enable us to establish a strong foothold in existing markets.

Yousef Yacoub, said “I believe that SpaceBasic is addressing a large unmet need in the market with its strong technology product that is changing the way student housing and hostels are managed in India. In addition to this, SpaceBasic provides a tremendous opportunity for students to have access to global companies for internships, mentorship and knowledge exchange opportunities. Within a short span of time, the team has shown great potential to capture an increasing market share in this category. I am happy to be supporting them in their mission to digitally transform student housing experience”

Adding to this Shaan Varia, said “SpaceBasic is in an exciting position right at the cusp of digitization in India and is well equipped to bring novel uses of AI/ML to the education space. The team has done a great job of growing their user base and delivering tangible value not just to students, but also to the School Administrations they partner with. I am confident in the team's ability to execute and drive forward their mission.”

SpaceBasic offers a two-fold advantage – one, it allows educational institutions and their student housing communities to do away with redundant and time consuming management processes by automating every possible daily and repetitive tasks efficiently through the app. Two, it provides them a mechanism to analyse meaningful data sources to gain actionable insights through its AI platform. Through SpaceBasic’s AI platform, decision makers at educational institutions can make data driven decisions that can lead to cost reductions and streamlined operations.

With over 150,000 users across 60+ Indian colleges, schools and universities, SpaceBasic works as a plug-and-play model as well as stand alone application. Manipal Global Academy, Reva University, Indus International Schools, DY Patil University, CMR University, PES University are some of the institutions that SpaceBasic has currently tied up with.

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