Indian dating app Juleo raises $2.5 million in funding led by angel investors

Juleo, a New Delhi-based dating app designed to enhance real-life connections, has raised $2.5 million in a funding round led by over 180 angel investors, including Ramakant Sharma of Livspace, Kunal Shah of CRED, Ruchi Deepak of Acko, Leo Puri, former chairman of JP Morgan India, and Groww founders Harsh Jain and Lalit Keshre.

The startup plans to use the raised capital for building the team as well as for growth and marketing efforts.

Innovative approach to modern dating

Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo is positioned as more than just a dating app; it is a club for singles aiming to foster real and responsible relationships.

The app distinguishes itself by ensuring all members are government ID and video verified, using India Stack, and focuses on safe, real-life interactions facilitated by an AI matchmaking genie.

Privacy and safety measures

Addressing concerns about privacy and safety, Juleo keeps Women’s profiles private by default, enabling them to control visibility and interact only with selected members.

The feature aims to protect members from potential stalking by acquaintances and relatives, ensuring a safe dating environment. The startup's revenue model is based on membership fees.

Ramakant Sharma, Founder of Livspace and one of the investors in Juleo said, "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."