Scholarlify – Simplifying Scholarship Access with a Digital-First Approach
Scholarlify is a comprehensive digital platform designed to bridge the gap between students and scholarship opportunities while offering end-to-end scholarship management solutions for providers.
For Students:
Discover & Apply: Access multiple scholarships through a single, easy-to-use platform.
Seamless Application Process: Apply to multiple scholarships with minimal effort.
Holistic Support: Get integrated access to education loans, skilling programs, and career readiness resources.
For Scholarship Providers (Corporates, Foundations, NGOs, Governments, Individuals):
End-to-End Scholarship Management: From program design and application processing to selection, verification, and disbursement, all in one platform.
Automated & Scalable Execution: Manage scholarships efficiently with a tech-driven, automated workflow.
Customizable SaaS Solutions: Enable governments, NGOs, and individuals to execute any type of benefit transfer program.
Seamless Integrations: Easily integrate with college admissions, education loans, and skilling programs to expand impact.
Startup Description
Scholarlify is building a comprehensive digital stack for scholarships, enabling students to discover and apply to multiple scholarships seamlessly, while providing scholarship providers with an end-to-end management solution.
Our platform extends beyond scholarships, offering multiple use cases such as:
College admission management
SaaS solutions for governments, NGOs, and individuals to execute various benefit transfer programs
Seamless integration with education loans and skilling programs
Over the next five years, we aim to connect 1 million students and mobilize INR 2,500 crore in scholarship funds, achieving an ARR of INR 120 crore.
Product Screenshots
Business Model
Scholarlify’s Business Model
Scholarlify operates on a B2B and B2G SaaS-driven model, providing a tech-enabled scholarship management platform for corporates, foundations, NGOs, and governments while offering a free scholarship discovery and application platform for students.
Revenue Streams:
Scholarship Management as a Service (SaaS Model)
End-to-end digital solutions for corporates, foundations, and governments to manage scholarships efficiently.
Subscription-based pricing or per-scholarship execution fees.
Custom Benefit Transfer Solutions
SaaS solutions for NGOs, governments, and individuals to execute any type of financial aid or benefit transfer, including education loans, skilling, and direct student support.
Revenue through annual SaaS fees or transaction-based commissions.
Corporate & CSR-Funded Scholarships
Partnering with corporates and institutions to design, launch, and manage large-scale scholarship programs.
Fee-based revenue from program execution and impact measurement.
White-Label Solutions for Educational Institutions
Providing customized scholarship portals for universities, colleges, and funding agencies.
Revenue through setup and maintenance fees.
Affiliate Partnerships & Integrations
Collaborations with education loan providers, skilling programs, and universities, earning commission-based revenue from successful referrals or integrations.
Scalability & Growth Goals
Connect 1 million students to scholarships.
Mobilize INR 2,500 crore
Customers
based in
India
Business
Modal Type
SaaS
Type of
Sales
B2B, B2G
Competitors
Buddy4Study, Vidhyasaarathi, Foundation for Excellence
Teams
Vijay Roy
Founder and CEO
Nikhil Sheth
Head of Technology
Tell us a bit about how founding team knows
each other.
Both Vijay and Nikhil met each other during the teach for India fellowships were both were fellows. Vijay and Nikhil were in touch since 2011. However, Vijay reached out to Nikhil and shared his vision to start Scholarlify in October 2023. In April 2024, Nikhil joined Scholarlify full time.
Why did you decide to start this
company?
As a lifelong scholarship recipient, Vijay Roy founded Scholarlify to ensure deserving students never drop out due to financial constraints. He aims to simplify scholarship access and expand education
Are all the founders full-time on this
project?
Yes
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