Proof of Usefulness Report

MyVerkoper

Analysis completed on 2/4/2026

+21
Proof of Usefulness Score
You're In Business

MyVerkoper is a legally incorporated B2B marketplace in India (est. 2018) connecting educational institutions with suppliers. While the platform and mobile apps exist, the project demonstrates negligible traction relative to its age (FY24 revenue ~₹4 Lakhs/$4,800 USD) and makes highly exaggerated claims in the submission (e.g., 'most people have used my product', '350 team size'). The disparity between the claimed scale and verifiable financial data indicates a lack of product-market fit or significant operational struggles.

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Score Breakdown

Real World Utility+5.00
Audience Reach Impact+1.50
Technical Innovation+2.25
Evidence Of Traction+1.25
Market Timing Relevance+4.00
Functional Completeness+0.25
Subtotal+14.25
Usefulness Multiplierx1.15
Final Score+16

Project Details

Project URL
Description
MyVerkoper is an exclusive B2B e-marketplace that connects educational institutions with manufacturers meeting their needs. Our services provide a range of choices to increase the efficacy of buyers in procurement and sellers in marketing processes, thereby transforming the way they operate their business processes. Our integrated platform enables buyers and sellers to engage with each other more efficiently. MyVerkoper was incorporated in 2018 but the idea for the company was conceived by its founder, Mr. Nithin, a year before its incorporation. He has completed his Master’s in Business Administration (MBA) and earlier worked with Xseed Education, with five years of experience in the education industry. He has always been obsessed with improving efficiencies through better organization in every aspect of life. Moreover, his stint with the highly unorganized educational industry triggered in him the idea of organizing it through an exclusive e-marketplace for educational institutions. He observed the need for bridging the gap between manufacturers and educational institutions to improve their business efficiencies by providing better communication between them. This led to the conception of the exclusive e-marketplace, MyVerkoper.

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