Proof of Usefulness Report

EkAnek Networks

Analysis completed on 1/20/2026

+342
Proof of Usefulness Score
Certified Problem Solver

EkAnek Networks is a verifiable, venture-backed company (Series A, ~$20M funding) known for the 'Foxy' beauty app. External data confirms significant historical traction (millions of users, ~$3M annual revenue), but recent signals indicate downsizing (team reduced to <15) and a potential pivot. The project submission quality is extremely poor, featuring vague claims ('everyone', 'most people') and likely confusing INR market cap figures (1.7B) with revenue/valuation. Despite the sloppy entry, the underlying business fundamentals (capital raised, verified revenue) warrant a score comparable to established media brands, though penalized heavily for lack of professional detail and current growth stagnation.

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Score Breakdown

Real World Utility+130.0
Audience Reach Impact+60.0
Technical Innovation+40.5
Evidence Of Traction+131.3
Market Timing Relevance+24.0
Functional Completeness+2.5
Subtotal+388.3
Usefulness Multiplierx0.88
Final Score+342

Project Details

Project URL
ekanek.io
Description
EkAnek Networks, operating under the domain ekanek.io, is a technology-driven company that focuses on providing innovative solutions for the beauty and lifestyle industry. The company specializes in developing platforms and tools that enhance the digital experience for both consumers and businesses in the beauty sector. EkAnek Networks aims to bridge the gap between technology and lifestyle by offering products that streamline operations, improve customer engagement, and drive growth for brands and retailers. Their solutions often leverage data analytics, artificial intelligence, and user-friendly interfaces to deliver seamless and personalized experiences.

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