Scholly Shark Tank Update
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What Happened to Scholly After Shark Tank
Is Scholly still in business? It was acquired.
Acquired by Sallie Mae in 2023 for undisclosed sum
$5M
estimated annual revenue
- Deal with Lori Greiner and Daymond John
- $30M+ total revenue
- 5 million app users
- $100M+ in scholarships helped
- Acquired by Sallie Mae in 2023
- Now free for all students as Scholly by Sallie
- Daymond John reported 40x return on investment
Last verified Apr 1, 2026.
Get updates on Scholly
The Scholly Shark Tank Pitch
Christopher Gray of Philadelphia, PA pitched Scholly on Shark Tank Season 6, Episode 20, which aired Friday, February 20, 2015, asking for $40,000 for 15% of the company — a $266,667 valuation.
Lori Greiner and Daymond John teamed up and agreed to invest $40,000 for 15% equity, valuing the company at $266,667. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S6E20Feb 20, 2015
- Ask
- $40,000for 15%
- Ask Valuation
- $266,667
Deal Terms
- Amount
- $40,000
- Equity
- 15%
- Valuation
- $266,667
Lori Greiner
Daymond John