The startup’s cofounder Varun Sud took to LinkedIn to announce that the startup is “pausing” its services after failing to raise further capital

Founded in 2023, Juleo raised $2.5 Mn in 2024 from angel investors like Livspace cofounder Ramakant Sharma, CRED founder Kunal Shah, and others

Juleo joins a growing list of startups that have shut shop in the past year. As many as 25 startups wrapped up their operations in 2025, double compared to 12 in 2024

Online matchmaking platform Juleo has shut down operations. The startup’s cofounder Varun Sud took to LinkedIn to announce that the startup is “pausing” its services after failing to raise further capital.

“We built an AI Matchmaker with zero scams, found product market fit and successfully got singles across India into relationships and marriages, but were sadly unable to get institutional investors to buy into our vision given baggage from past carcasses in the space,” Sud said.

Important to mention that the startup had raised $2.5 Mn in a funding round in August 2024 from angel investors like Livspace cofounder Ramakant Sharma, CRED founder Kunal Shah, Acko cofounder Ruchi Deepak, Groww cofounders Harsh Jain and Lalit Keshre, among others.

Founded in 2023 by Sud and Chiranjeev Ghai, Juleo offered subscription-based matchmaking services. It later began integrating offline community events and activities for singles to complement its digital offerings.

Its AI-powered matchmaking, Genie, selected potential matches and managed the logistics of arranging in-person meetings. Further, women’s profiles were private by default, giving them control over their visibility.

The startup claims that its app saw over 5 Lakh installation during its run time, with 1.5 Lakh “Club” applicants as well as several “Juleo weddings and relationships” across India.

The platform competed with US-based Match Group’s Tinder, Hinge, OkCupid, and Bumble, which have doubled down on their presence in India. Besides, it also competed with a plethora of indigenous startups such as Aisle and Truly Madly.

Juleo joins a growing list of startups that have shut shop in the past year. As per data compiled by Inc42, as many as 25 startups wrapped up their operations in 2025double compared to 12 in 2024.

This year, quick househelp startup Pync also shut down operations amid intensifying competition in the house-help segment.