Dating app Juleo has successfully raised $2.5 million in an angel funding round, drawing investment from over 180 backers. Among the notable investors are Ramakant Sharma, founder of Livspace; Kunal Shah, founder of CRED; Ruchi Deepak, co-founder of Acko; Leo Puri, ex-chairman of JP Morgan India; and Harsh Jain & Lalit Keshre, founders of Groww.
The funding will be directed towards team building, growth, and marketing initiatives to expand Juleo’s reach and impact. Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo aims to revolutionize the modern dating and matrimony landscape by promoting authentic and meaningful real-life interactions.
Juleo offers a club membership model through its app, which is available on both the App Store and Play Store. The platform leverages India Stack to ensure every member is verified through government ID and video verification. Each user is provided with a personal AI matchmaking assistant, known as a ‘Genie,’ which curates profiles and facilitates the setup of first meetings with other compatible club members.
To ensure the safety and privacy of women, Juleo keeps female profiles private by default. Women have the control to make their profiles visible only to men they choose, protecting them from potential stalking by colleagues or relatives. This feature underscores Juleo’s commitment to providing a secure and respectful environment for its users.
With this substantial funding and a unique approach to online dating, Juleo is set to make a significant mark in the industry, promoting responsible and healthy dating practices.
