Proof of Usefulness Report

Cars24

Analysis completed on 1/17/2026

+616
Proof of Usefulness Score
Category Standard

Cars24 is a verified 'Unicorn' in the Auto Tech space with a valuation exceeding $3.2B and over 11 million monthly active users. While the submission itself was minimal (e.g., vague 'evidenceOfTraction' text and incorrect launch date of 2021 vs actual 2015 founding), the provided metrics (Team size 4,618, Market Cap $3.23B) and employee email address were verifiable. The score reflects the immense real-world scale and utility of the platform, slightly penalized for the lack of detail in the submission regarding technical innovation.

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Score Breakdown

Real World Utility+190
Audience Reach Impact+160
Technical Innovation+60
Evidence Of Traction+180
Market Timing Relevance+72
Functional Completeness+8
Subtotal+670
Usefulness Multiplierx0.92
Final Score+616

Project Details

Project URL
cars24.com
Description
Cars24 is one of the best platforms for buying and selling used cars in India, with the organization having already established a strong identity in a short time span. Today, it has over 150 branches spread across the country, using whose services anyone can buy or sell a car in easy steps. Cars24 also offers free valuation and helps you obtain the best price for any second-hand car. It provides a great customer satisfaction, which makes it the choice of many used car sellers and buyers. For more information, please visit the nearest branch.
Audience Reach
everyone
Target Users
everyone
Technologies
Software Development
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline