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Scholify Shark Tank India Season 1

by IndiaSuccessStories
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Scholify Shark Tank India Season 1 Got No Deal from the sharks.

Scholify Shark Tank India Season 1

Pitch no 98 with company details


Scholify is an online and mobile application that easily connects students with the best scholarships. In just a few seconds, Scholify matches students with the perfect scholarships for which they are already qualified, saving parents and students time and worry. Their SaaS solution for organizations, people, and corporations can be utilized to establish marketing, philanthropic, and corporate social responsibility scholarships that further education.

Founder of Scholify

Scholify’s CEO and founder is Mayank Pareek.

Scholify Funding Round

Company Name


Shark Tank India Season


Episode No


Season No





Scholarship Platform

Original Ask

50 lakhs for 7.5% equity


No Deal

Invested By:


At the heart of Scholify's pitch was a commitment to leveling the playing field and empowering students from all backgrounds to pursue their educational aspirations. Their platform utilized technology to streamline the scholarship application process, removing barriers and enabling students to focus on their academic pursuits. Scholify aimed to create a community-driven ecosystem where education opportunities were accessible to all, regardless of financial constraints.

The Pitch:

Scholify entered the tank with a transformative proposition: to democratize access to education by connecting students with scholarship opportunities. Their platform provided a centralized hub where students could discover, apply for, and track scholarships tailored to their interests and qualifications. With an original ask of 50 lakhs for 7.5% equity, Scholify sought to attract investors who shared their vision for making education more accessible and affordable.

The Deal:

Despite their noble mission and innovative platform, Scholify left the tank without a deal. While the Sharks recognized the importance of their work in expanding access to education, they may have had concerns about revenue generation, scalability, or the competitive landscape. However, the experience served as a valuable learning opportunity for Scholify, providing them with insights and feedback to refine their platform and strategy in the dynamic education technology market.


The journey of Scholify on Shark Tank India Season 1, Episode 30, underscores the challenges and opportunities of entrepreneurship in the education sector. While the brand may not have secured a deal in the tank, their dedication to making education more accessible through scholarships is commendable. With valuable lessons learned from their experience on the show, Scholify is poised to continue empowering students on their educational journeys and bridging the gap between aspiration and opportunity.

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