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Dating app Juleo raised $2.5 million in a funding round led by investors including Ramakant Sharma to enhance their team and marketing efforts.

Aug 06, 202412 months ago

Amount Raised

$2.5 Million

New DelhiMobile AppsSocial MediaApps

Investors

Lalit KeshreHarsh JainRuchi DeepakKunal ShahRamakant Sharma

Description

Dating app Juleo, founded in 2023, has successfully raised $2.5 million in a funding round. The investment will be utilized for team building and growth initiatives aimed at addressing the matchmaking crisis faced by singles globally.

Company Information

Company

Juleo

Location

New Delhi, Delhi, India

About

Juleo is a dating app designed to address the matchmaking crisis by providing a safe and responsible platform for singles to find real love. Founded in 2023, it utilizes AI to enhance matchmaking by sharing curated profiles and arranging first meetings between compatible members. Juleo operates on a membership fee subscription model. The app's mission revolves around combating dating app burnout and ensuring that users meet in person.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers