Biography of Mayank Pareek: Founder and CEO of Scholify- Entrepreneur
Journey of Mayank Pareek:
Mayank Pareek is an entrepreneur dedicated to making a
significant impact in the education sector. As the founder and CEO of Scholify,
he aims to create a scholarship discovery platform that connects students with
funding opportunities to help them pursue their academic dreams. His journey
reflects a commitment to addressing challenges faced by students in accessing
financial support for education.
Educational Background
Mayank’s academic journey began at Shree Jain Vidyalaya in
Howrah, where he completed his high school education. He then pursued a Post
Graduation Diploma in Management with a focus on marketing at Woxsen
University, where he excelled academically and took on leadership roles,
including serving as the Corporate Relationship Manager for the university’s
marketing club. His time in education shaped his understanding of the
importance of support systems for students.
Early Career Development
Before founding Scholify, Mayank gained valuable experience
in various roles across different companies. He started as an Executive Agent,
where he focused on lead generation, followed by a position as Team Leader and
Trainer at Aditya Intellectuals, where he developed management and training
skills. His journey included a stint at KNOLSKAPE as a Growth Hacker and
Marketing Intern, where he worked on product marketing and market research,
enhancing his expertise in strategic marketing.
The Birth of Scholify
The idea for Scholify was born from Mayank’s personal
experiences during his postgraduate studies. Despite being a scholarship
recipient, he faced financial challenges that forced him and some classmates to
drop out before an important global immersion program. This experience sparked
a determination in him to find a solution to prevent such situations for other
students. After thorough discussions and research, Mayank co-founded Scholify
in 2018.
Mission to Bridge the Gap
Scholify aims to bridge the gap between students seeking scholarships and the funding opportunities available to them. The platform operates in both B2B and B2C sectors, simplifying the scholarship discovery process for students while also helping organizations manage their Corporate Social Responsibility (CSR) initiatives effectively. This dual approach allows Scholify to make a broader impact in the education sector.
Simplifying Scholarship Discovery
For students, Scholify offers an intuitive platform where
they can easily find scholarships they qualify for with just one click. By
streamlining the application process, the platform makes it easier for students
to access financial support without the burden of overwhelming paperwork. This
user-friendly approach distinguishes Scholify from other scholarship platforms
that often complicate the process.
Focus on CSR Partnerships
On the corporate side, Scholify serves as a CSR
implementation partner, helping companies efficiently allocate their CSR
budgets while maximizing their social impact. Through their SaaS offerings,
Scholify enables organizations to design and execute sustainable campaigns that
yield measurable results, thereby enhancing their overall CSR effectiveness.
This unique proposition helps companies align their business goals with their
social responsibilities.
Commitment to Affordability
One of the core values of Scholify is to make education
affordable, accessible, and debt-free. Unlike many platforms that focus solely
on grades or academic performance, Scholify prioritizes helping students
achieve their career goals without accumulating significant debt. This vision
is central to Mayank’s mission of promoting financial literacy and support for
students pursuing higher education.
Biography of Mayank Pareek: Founder and CEO of Scholify- Entrepreneur/age/net worth/investor/startup/gaps in scholarship accessibility/Scholify story
A Unique Approach to Education
Scholify stands out from other EdTech firms by emphasizing a
simple and ad-free experience. The platform only features exclusive
scholarships relevant to Indian students, avoiding the clutter of
advertisements and unrelated content that can detract from the user experience.
By focusing on quality over quantity, Scholify ensures that students can find
the most relevant opportunities efficiently.
Pitching on Shark Tank India
Mayank and his team presented Scholify on the first season
of Shark Tank India, seeking ₹50 lakhs for 7.5% equity in their venture. While
the sharks recognized the potential of the platform, they ultimately chose not
to invest, citing concerns about the valuation. Despite not securing a deal,
the experience helped raise awareness of Scholify and validated the concept in
the eyes of potential users.
Resilience in the Face of Challenges
Although the pitch on Shark Tank did not result in funding,
Mayank remained undeterred. He continued to refine and expand Scholify,
leveraging the feedback received during the show to improve the platform and
enhance its offerings. His resilience and commitment to the mission have been
crucial in navigating the ups and downs of entrepreneurship.
Building a Community of Support
Mayank’s vision for Scholify extends beyond just providing
scholarships; he seeks to build a community of support for students. By
fostering connections between students and organizations, Scholify aims to
create an ecosystem where financial support is readily available, helping to
reduce dropout rates and empower students to succeed.
A Passion for Learning and Sharing
Driven by a love for learning and a desire to help others,
Mayank is committed to sharing his knowledge and experiences. He actively
engages with others interested in business, marketing, and social impact,
promoting a culture of collaboration and growth. His approachable nature
encourages conversations that can lead to new ideas and opportunities for
change.
The Road Ahead for Scholify
Looking to the future, Mayank is focused on scaling Scholify
and expanding its reach. He aims to enhance the platform’s features and develop
new partnerships with educational institutions and corporations. By
continuously innovating and adapting to the needs of students and
organizations, Mayank hopes to solidify Scholify’s position as a leader in the
scholarship discovery space.
Inspiring Change in Education
Mayank Pareek’s journey as an entrepreneur is a testament to
the power of personal experiences in shaping impactful ventures. Through
Scholify, he is dedicated to transforming the education landscape by making
scholarships accessible to all students, fostering a brighter future for the
next generation. His story serves as an inspiration for aspiring entrepreneurs
who wish to make a difference in their communities.
A timeline based on Mayank Pareek's journey and the
development of Scholify:
1995: Mayank Pareek is born.
2012: Completes high school at Shree Jain Vidyalaya in
Howrah.
2015: Earns Post Graduate Diploma in Management at Woxsen
University.
2015-2018: Gathers experience in various roles, including
Executive Agent and Growth Hacker.
2018: Co-founds Scholify after identifying gaps in
scholarship accessibility.
2021: Presents Scholify on Shark Tank India, gaining
valuable exposure.
2022: Continues to refine Scholify based on feedback and
expands platform features.
2024: Focuses on building partnerships and scaling Scholify
to reach more students.
