Juleo, a club designed for singles, has announced it has raised $2.5 million in angel funding. The round saw participation from over 180 investors, including notable names such as Ramakant Sharma, Founder of Livspace; Kunal Shah, Founder of CRED; Ruchi Deepak, Co-founder of Acko; Leo Puri, former Chairman of JP Morgan India; and Harsh Jain & Lalit Keshre, Founders of Groww.
Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo seeks to tackle issues within the online dating and matchmaking landscape in India. The platform draws inspiration from the traditional Indian matchmaker approach, emphasising real-life interactions to offer a more effective and responsible solution for modern dating and matrimony.
“I am 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,” Varun Sud, founder-CEO, Juleo, said.
Juleo has an app, available on the App Store and Play Store, which reportedly uses Government ID and video verification through India Stack. The app features a personal AI matchmaking ‘Genie’ that is said to curate profiles and arrange meetings based on compatibility. Women’s profiles are reportedly private by default, allowing them to control visibility, while male members are matched with individuals who have shown interest. Juleo claims to address current issues in modern matchmaking.