Scholly Shark Tank Update

Scholly Shark Tank Pitch

Christopher Gray appeared on Shark Tank Season 6, Episode 20, which aired on February 19, 2015, with college scholarship finding app.

Scholly is listed in the Software Tech category. In plain terms, the business is described as college scholarship finding app.

Scholly asked the Sharks for $40,000 for 15%, implying a valuation of about $266,666.667.

On the show, Scholly made a listed deal with Lori Greiner and Daymond John for $40,000 for 15%.

If treated as straight equity, the listed deal works out to about $266,666.667 implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

Scholly After Shark Tank

Scholly accepted an on-air deal with Lori Greiner and Daymond John, and later became one of Season 6's larger wins: follow-up reporting says the company generated more than $30 million in revenue, grew to 5 million users, and helped students find more than $100 million in scholarships (Shark Tank Blog Scholly update

In 2023, Scholly was acquired by Sallie Mae in a multi-million-dollar deal. A 2024 company announcement said the acquisition would help make Scholly free for students and was featured in a Shark Tank update segment (Business Wire Scholly Shark Tank return

The current story is more complicated: TechCrunch reported on April 28, 2026 that founder Christopher Gray sued Sallie Mae after the acquisition, alleging wrongful termination and data privacy issues; Sallie Mae denied the allegations in that report (TechCrunch on Scholly/Sallie Mae lawsuit

Sources

Sources used for this page: Shark Tank API pitches