Proof of Usefulness Report

Redbasil

Analysis completed on 1/28/2026

+305
Proof of Usefulness Score
Certified Problem Solver

Redbasil is a legitimate, verified B2B marketplace for the Indian food service sector with significant traction (~$1.3M USD revenue FY23-24, ~$4.4M valuation). Founded by a strong team (MIT/WalmartLabs alumni), the project solves a genuine supply chain fragmentation problem. However, the submission quality was extremely poor (claiming 'everyone' as the audience and 'most people' as users), which contradicts the niche B2B reality and negatively impacts the score. The score is salvaged by the strong, verified external evidence of business viability and capital efficiency.

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Score Breakdown

Real World Utility+27.0
Audience Reach Impact+8.0
Technical Innovation+10.5
Evidence Of Traction+25.5
Market Timing Relevance+8.0
Functional Completeness+0.5
Subtotal318.0)
Usefulness Multiplierx0.96
Final Score+305

Project Details

Project URL
redbasil.in
Description
At Red Basil Technologies, our ambition is to transform the way small businesses in the food \u0026 beverage ecosystem discover, connect \u0026 transact with each other. Our online marketplace improves transparency and price discovery for restaurants, while offering suppliers a full-featured digital storefront to grow their business. \n\nRedbasil's asset-light B2B marketplace features a curated catalog of 10k+ ingredients \u0026 high-quality food suppliers, vetted by leading chefs and kitchens. Mobile-app based digital storefront, catalog discovery, quotes \u0026 contracts, order fulfillment and payment transactions enable simple, fast, accurate \u0026 low-cost operations for the kitchen.\n\nWe are a small and dynamic team using first principles, user-centered design and agile engineering to digitize SMEs in the fragmented Indian food distribution ecosystem. Our team is led by an ex-EY supply chain expert and MIT-alum, along with a Principal Software Architect from WalmartLabs.\n\nhttps://www.redbasil.in/\n

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