Proof of Usefulness Report

Rio

Analysis completed on 2/2/2026

+196
Proof of Usefulness Score
Gaining Momentum

Rio (Rivpe Technology) is a legitimate fintech startup founded by Riya Bhattacharya and Vivek Amarnani, backed by Blume Ventures and Village Global. The project was acquired by Zaggle in December 2025 for approximately $2.6M (Rs 22 Cr), which aligns with the input 'marketcap' figure. However, the input claims of 'everyone' as the audience and 'most people' having used the product are factually incorrect and highly exaggerated; public records indicate FY23-24 revenue was only Rs 13 Lakh (~$15k), suggesting a very small user base (<5,000) rather than mass adoption. The score reflects a verifiable financial exit and strong investor backing, penalized significantly for false traction claims and minimal pre-acquisition scale.

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Score Breakdown

Real World Utility+7.5
Audience Reach Impact+0.5
Technical Innovation+3.75
Evidence Of Traction+5.0
Market Timing Relevance+4.0
Functional Completeness+0.25
Subtotal+21
Usefulness Multiplierx0.93
Final Score+196

Project Details

Description
We are building world class fintech products for 100 crore Indians. We understand fintech and commerce deeply, and see massive opportunities for new fintechs to build for integration of credit into everyday transactions - big or small. Think bills paid, dreams pursued and happiness delivered all with a simple scan, swipe or click. Founded by Riya Bhattacharya and Vivek Amarnani, our team leverages decades of experience in building consumer-centric, product-driven organizations that create large-scale positive impact within the financial services sector. We are building for scale, and have a high bar for success. On our journey to make credit accessible, we've secured the support of leading investors like Village Global, Blume Ventures, and Better Capital, along with seasoned industry veterans angels including Kunal Shah - CRED, Ranjan Reddy - Bureau, Ramanathan RV - Hyperface, Mohit Sadaani - The Moms Co, Dhyanesh Shah - Mosaic Wellness, Hardayal Prasad - SBI Cards and others – each contributing invaluable early-stage building expertise. Stay tuned, as we set on to make credit easy, convenient, and transformative for all, one step at a time.

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