Proof of Usefulness Report

Foxy

Analysis completed on 2/4/2026

+387
Proof of Usefulness Score
Certified Problem Solver

Foxy (EkAnek Networks) is a legitimate, Series-A funded beauty commerce platform in India with significant verified traction (~$4.3M FY23 revenue, 5M+ downloads, backers like Lightspeed/Sequoia). The project possesses high real-world utility and uses AI (selfie analysis) for personalization. However, the submission quality was exceptionally poor (providing '500000' as market cap, hyperbolic 'most people have used my product' claims, and generic descriptions). The final score reflects the strong external reality of the business, heavily penalized by the lack of effort and accuracy in the submission data.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+106.25
Audience Reach Impact+96.00
Technical Innovation+56.25
Evidence Of Traction+112.50
Market Timing Relevance+35.00
Functional Completeness+1.25
Subtotal+407.25
Usefulness Multiplierx0.95
Final Score+387

Project Details

Project URL
Description
FOXY is India’s first beauty social commerce app for both men & women. We pick from the best and freshest beauty brands to match them to your specific needs. You want to find the best MamaEarth product for you? Look for it on Foxy. The best Serum for your specific concerns? Our selfie analysis has an answer. Honest video reviews from users and influencers help you decide. Best part? Every day is a sale day at Foxy so no more waiting! This app is brought to you by a small, committed and passionate team based out of NCR/ Delhi and UAE. The leadership is highly experienced having worked in big firms like McKinsey & Company, Airtel, Unilever, Dabur, Tata, etc as well as successful startups like OfBusiness, PayU, PayTM, OYO, Zomato, etc. We have a strong culture defined by - Strong performance and output orientation - Big jobs that create great learning opportunities - Solid mentorship from an experienced leadership focused on small teams - High ownership levels for the company that we are building Strong performers are rewarded with bigger roles, higher compensation, international opportunities and ESOPs given at an incredibly early stage. If big jobs, learning opportunities and ESOPs excite you, we would be thrilled to meet you!

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