SpaceBasic: Average University Client Has 800 to 1,200 Students
Madhavi Shankar · India Based SaaS hits $20k MRR, Growing Fast with 160k Users · Dec 8, 2021 · at 9:31
Madhavi Shankar is the founder of SpaceBasic, a SaaS platform digitizing Indian university campus operations and housing.
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“Every university has an average ticket size of about 800 to a 1200 students. That's an average size.”
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More from Madhavi Shankar
SpaceBasic serves 65 to 70 universities and 160,000 total users
“So, you know, at the moment, we work with about 65, 70 universities, about a 150, 60,000 users in total.”
SpaceBasic has 55,000 to 60,000 paying student users on platform
“We charge per student per year. Though we have different users using it at the moment, we just charge the students and we're, we are about around 55 to 60,000 students on the platform.”
SpaceBasic Hit Cash Flow Breakeven in 2020 Before Angel Round
“In 2020, we were cash flow breakeven and we raised you know our first round of funding you know, a more of a angel round this year in May.”
SpaceBasic grew new customer acquisition by 35% year-over-year
“We have grown about 35% in terms of new customer acquisition.”