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Scholify
Deal Not Done

Toys, Kids & EducationSeason 1Episode 30

Scholify

Starts From - ₹0

Product Details

Entrepreneur Background

Mayank Pareek is Season 1's most mission-conviction-over-metrics founder — a 30-year-old entrepreneur from Bengaluru who completed his post-graduation in marketing from Woxsen University in Hyderabad, worked at Aditya Intellectuals for one year, identified the scholarship discovery problem in 2018 (students unaware of available scholarships, institutions unable to find eligible candidates, corruption in scholarship distribution), built a technology platform to solve it, facilitated ₹4–5 crore in scholarships for 2,200 students in one year without generating any revenue for the company, and appeared on Shark Tank India as a pre-revenue founder with a platform serving a genuine and large social need. Mayank Pareek, the founder of Scholify, presented his product very well. The founder says that he has given scholarships to 2,200 students within the last 1 year. The value of this scholarship is ₹4 to ₹5 crores. But the founder does not earn any money from this business.

The Product / Service

Scholify is India's most comprehensive scholarship discovery and matching platform — aggregating 1,000+ scholarships from government, private, institutional, and CSR sources into a single searchable database, using filters (caste, income level, gender, academic performance, field of study, state of residence) to match individual students to the specific scholarships they are eligible for, providing application guidance and deadline alerts, and helping scholarship-providing corporations fulfil their CSR obligations by connecting them with genuinely eligible student applicants.