Proof of Usefulness Report

Riskcovry InsurTech Platform

Analysis completed on 1/29/2026

+460
Proof of Usefulness Score
Industry Mainstay

Riskcovry is a legitimate, Series-B funded InsurTech infrastructure company in India with verifiable traction (~$2.5M revenue, 128 employees, 50+ enterprise partners). However, the submission itself ('FrostShade') contains significant inaccuracies, including exaggerated revenue figures (claiming 36B vs. actual ~43M valuation), false technology claims ('space-technology'), and lazy descriptions. The score reflects the high verifiable utility and market position of the actual company, heavily penalized by the low quality and inaccuracy of the submission data.

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Score Breakdown

Real World Utility+85
Audience Reach Impact+75
Technical Innovation+70
Evidence Of Traction+80
Market Timing Relevance+85
Functional Completeness+20
Subtotal+389
Usefulness Multiplierx1.18
Final Score+460

Project Details

Project URL
riskcovry.com
Description
InsurTech is one of the brightest spaces of innovation within the supercharged FinTech world. At Riskcovry, we are all about InsurTech. We are a passionate, dynamic and balanced team; our culture is open, direct and merit oriented. Our founders bring enormous depth across their backgrounds (insurance, technology, fintech, strategy \u0026 investment) and between them have either founded or led 6 organisations. We are supported by some amazing investors as we continue to be one of India’s fastest growing startups in our space. \nWe look forward to working with you closely.\nTo know more about us please visit our website and Linkedin page:\nhttps://www.riskcovry.com\nhttps://www.linkedin.com/company/riskcovrycom/\n\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