The recently obtained money is intended for marketing campaigns, team development, and expansion. Juleo’s creator and CEO, Varun Sud, stressed the importance of dating app exhaustion as a global problem and its negative effects on mental health. The goal of the platform is to establish a reputable club for singles by providing a responsible, dependable, and safe service to assist users in making real connections.

Chiranjeev Ghai and Varun Sud founded the Delhi, NCR-based portal in 2023, and it functions as a singles’ club. It has an AI matchmaker that selects profiles and arranges first dates for users who are a good fit.

Sud brought up a prevalent issue with dating apps: although users frequently interact online, they hardly ever meet in person. Juleo wants to solve this problem by promoting in-person connections that are aided by an AI matchmaker. The subscription charge for membership is the foundation of the business’s income model.

Sud pointed out that bringing in one to two million customers a year would be necessary to make venture-scale success in India. He emphasized the importance of matchmaking in Indian culture, where clients are prepared to pay significant fees for high-end offline matchmakers.

The creator of Livspace, Ramakant Sharma, expressed excitement about the investment and commended Juleo for their goal of resolving a major internet issue for consumers. He is excited to provide the business with a variety of help.

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