Proof of Usefulness Report

MindPeers

Analysis completed on 1/25/2026

+240
Proof of Usefulness Score
Gaining Momentum

MindPeers is a legitimate, venture-backed mental health platform (Seed round, Shark Tank India Season 2 feature). While the submission contains hyperbolic claims ('most people', 'everyone') and confusing data (listing ₹39.7Cr valuation as revenue), external verification confirms ~350,000 users and ~$325k annual revenue (FY23-24). The project demonstrates strong real-world utility and market timing in the Asian mental health space, though it is still in the early growth stage compared to established global players.

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Score Breakdown

Real World Utility+96
Audience Reach Impact+32
Technical Innovation+30
Evidence Of Traction+66
Market Timing Relevance+36
Functional Completeness+1
Subtotal+261
Usefulness Multiplierx0.92
Final Score+240

Project Details

Project URL
Description
A strong mental health revolution is taking place globally and MindPeers is making waves by giving India and South East Asia their first self-care mental health tech platform. Its combination of deep technology and trusted professionals is making mental wellness affordable, measurable, and qualitative for every individual.

Algorithm Insights

Market Position
Growing utility with room for optimization
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