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Business EconomyPosted at: Aug 6 2024 6:45PM


Juleo raises $2.5 mln to tackle online dating crisis

New Delhi, Aug 6 (UNI) Juleo, a trusted and exclusive club for singles, has announced securing $2.5 million in angel funding from over 180 prominent investors, including several unicorn founders, to address the online dating and matchmaking crisis in India.
Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo aims to offer a responsible and healthy approach to modern dating and matrimony by fostering genuine, real-life meetings. The funding round includes notable investors such as 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 and Lalit Keshre, Founders of Groww.
Varun Sud, founder-CEO of Juleo, said, “I am thrilled to bring Juleo to our users across the world. Dating app burnout and mental health issues sadly affect singles globally today. We intend to build a Trusted Club for Singles that provides them with a safe, trustworthy, and responsible service to find real love.”
Sud further added, “I am incredibly grateful to my accomplished friends and family for coming out in full support as angels. Their advice and networks, coupled with our quality team of highly smart, passionate, and nice people, will help us revolutionise the modern matchmaking landscape with AI and India Stack at the core. We’d consider it a job well done if we become the de facto trusted service for dating/matchmaking globally, just as YouTube is for videos or Google is for search.”
Ramakant Sharma, Founder of Livspace, commented, “Driven by a team of incredibly sharp and talented professionals, Juleo is on a mission to solve one of the most complex consumer internet problems of our time. I am very excited to be a part of their journey and look forward to supporting them in all possible ways.”
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