AI-powered dating application Juleo’s co-founders, Chiranjeev Ghai and Varun Sud, today announced the closing of their seed fund raise of $2.5 million from a group of angel investors that includes serial tech entrepreneurs Ramakant Sharma, founder of Livspace; Kunal Shah, founder of CRED; and Ruchi Deepak, co-founder of Acko. The investment round comes with faith from some of the bigwigs in the tech space and will signpost a new path for Juleo as an online dating platform.
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This platform is here to change the common mistakes binding traditional dating apps in the follow-up of endless swiping and superficial connections, instead embracing real relationships with each other and real life. This comes after reports show that a significant number of singles are feeling burned out and facing mental health challenges on ordinary dating platforms. It’s one way that Juleo is using advanced AI software to enrich user experiences and drive actual connections while standing out in the populated online dating app marketplace.
Juleo CEO and founder Varun Sud said the app is meant to help singles find love in a space they already trust, touting the mission of the app as to build a “Trusted Club for Singles” where singles can meet real love and escape the pressures and pitfalls of dating apps.
This most recent round of funding further proves this mounting confidence in AI-based solutions to solve real-world problems in the dating industry. One of its investors, Ramakant Sharma, expressed optimism regarding Juleo’s mission—and not without reason—by saying: “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.”
Juleo brings in an innovative take on dating, a ripe twist that the world of dating needed to shake up. The platform, which focuses on authenticity and in-real-life interactions, fills a big gap in the market where, otherwise, users are increasingly disillusioned with other contemporary dating apps. Juleo focuses on mental health and true connections, improving the experiences derived for its users.
This capital will be applied to boost the capacities of the Juleo platform, increase its base of users, and advance its AI technology for even more tailor-made and effective matchmaking services. The business is going to invest within the marketing and customer acquisition strategies that would accelerate the growth and help to establish a tough dominance in highly competitive dating app markets.
Positioning itself as a front runner in the AI-powered dating space can pave the way from traditional options set by dating applications. More than ever, with leading investors and a vision that is pretty clear for the future, Juleo seems ready to change the industry of dating for singles trying to find their way in this new digital world.
