Proof of Usefulness Report

VenueMonk

Analysis completed on 2/1/2026

+341
Proof of Usefulness Score
Certified Problem Solver

VenueMonk is a verified, established venue booking platform in India (Delhi-NCR) operating since 2014 with ~37 employees. While the submission contains exaggerated claims ('most people have used my product', 'everyone') and confusing metrics ('marketcap' used for 2019 valuation), external search confirms it is a legitimate, revenue-generating business with seed funding (~$93k) and a valuation of ₹4.15Cr (~$500k) as of 2019. The project demonstrates solid real-world utility and survival, though technical innovation is low and reach is strictly regional.

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Score Breakdown

Real World Utility+187.5
Audience Reach Impact+32.0
Technical Innovation+15.0
Evidence Of Traction+70.0
Market Timing Relevance+50.0
Functional Completeness+5.0
Subtotal+359.5
Usefulness Multiplierx0.95
Final Score+342

Project Details

Project URL
venuemonk.com
Description
VenueMonk is a technology-enabled event planning platform.\n\nPresently, in India, finding and booking a venue for any event is a rather exaggerated process. A typical venue booking timeline lasts 3 to 15 days. It starts with an online search and is followed by calls to different venues, explaining your requirements to them, visiting them, negotiating with them and would end with you booking your short-listed venue. \n\nOur aim is to fill in the obvious gap in the events industry – that of finding information in one place and the ease of booking services at the best prices. You can explore over three thousand listed venues and vendors (coming soon) for planning your event. Not only do we provide detailed, comprehensive and current information on venues and vendors, we also help you book these services at the best price hassle free with just a click.\n\nWe are currently working with 3000+ venues across Delhi-NCR.\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