Proof of Usefulness Report

Gold Setu

Analysis completed on 1/22/2026

+464
Proof of Usefulness Score
Industry Mainstay

Gold Setu is a verifiable, high-growth B2B SaaS platform for the jewelry industry in India with significant traction (~$5.8M FY24 revenue, ~$2.2M funding). While the submission itself was poor (inaccurate claims, confusing metrics, copy-paste errors like 'MysticHeart'), external verification confirms strong real-world utility, a valid market cap of ~₹70.3 Cr (explaining the '703000000' figure), and an active user base of 5,000+ retailers. The score reflects the project's actual success despite the low-quality submission.

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+108.0
Audience Reach Impact+96.0
Technical Innovation+75.0
Evidence Of Traction+119.6
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+488.6
Usefulness Multiplierx0.95
Final Score+464

Project Details

Project URL
Description
Gold Setuis in the In Store Retail Tech Industry

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