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Dating app Juleo raises $2.5 million
Economic Times
·
11m ago
Medial
Indian dating app Juleo has secured $2.5 million in funding from investors including Livspace founder Ramakant Sharma and Cred founder Kunal Shah. Juleo plans to use the funds to expand its team and invest in growth and marketing. The Delhi-based platform aims to address the issue of dating app burnout by providing a trusted and responsible service for singles to find meaningful connections. Juleo uses AI matchmaking to curate profiles and facilitate in-person meetings with compatible matches. The app follows a membership fee subscription model and aims to attract one to two million users per year in India.
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Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming
VCCircle
·
11m ago
Medial
Indian startups Punch, EtherealX, Hyperbots, Neuron Energy, matchmaking platform Juleo, and restaurant brand Burma Burma have announced successful fundraising rounds. Punch, a trading platform, raised $7m from investors including Stellaris Venture Partners and Susquehanna Asia VC. EtherealX, a spacecraft developer, secured $5m in a seed funding round led by YourNest. AI startup Hyperbots raised $2m, while electric vehicle battery manufacturing start-up Neuron Energy raised INR 20 crore ($2.7m). Dating platform Juleo secured $2.5m in angel funding, and Burmese restaurant brand Burma Burma raised a further $2m in equity investment.
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India’s first vernacular dating app welcomes Huma Qureshi as investor
VCCircle
·
1y ago
Medial
flutrr, India's first vernacular dating app, has announced that actress Huma Qureshi has invested in the startup. The app, founded in 2021, aims to cater to the Tier 2 and Tier 3 markets of India by supporting 6 languages. Qureshi expressed her support for the platform, stating that she understands the empowerment that comes from having the freedom to choose a life partner. The app has achieved significant milestones, with an active user base exceeding 400,000 and nearing 1 million downloads. The online dating industry in India is expected to reach $69.90 million in 2024.
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Meme-based dating app Schmooze raises $4 Mn led by Elevation
Entrackr
·
10m ago
Medial
Meme-based dating platform Schmooze has raised $4 million in a Series A funding round led by Elevation Capital. The round also saw participation from angel investors, including the founders of Ultrahuman, The Souled Store, Mosaic Wellness, and Paytm. Schmooze had previously secured $3.47 million from Inventus Capital Partners and others. The new proceeds will be used to scale user acquisition efforts, Schmooze said in a press release. Co-founded in 2021 by Vidya Madhavan and Abhinav Anurag, Schmooze combines the cultural relevance of memes with advanced AI technology, enabling users to connect based on shared humor, personality traits, and interests. The platform eliminates the hassle of superficial swipes and delves deeper into users’ personalities by analyzing their meme interactions, helping them find matches that resonate with their unique sense of humor. According to Schmooze, it features Genie, an AI dating coach, which enhances the entire dating experience, making it more engaging, authentic, and fun. It aims to counteract the loneliness and social disconnection that Gen Z faces, with features like Roast AI, which simulates conversations with a stand-up comedian, and Rant AI, a digital diary that responds to user inputs, ensuring users have companionship even when they’re not interacting with others. Schmooze claims to have attracted over 1 million users in India and witnessed 900 million meme swipes. The app also reports a 3x better ratio of female to male users compared to other mainstream dating sites.
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Schmooze, the meme-based dating app from Stanford launches in India
Startup News FYI
·
1y ago
Medial
Schmooze, a meme-based dating app, has launched in India targeting Gen Z with humor, authenticity, and genuine connections. The app leverages memes for conversations and employs AI to comprehend user personalities based on meme interactions, leading to accurate match predictions. Schmooze has gained traction, generating 3.5 million matches, 50 million meme swipes, and 1000 success stories. The app's innovative approach aims to create meaningful relationships through shared humor and compatibility. Founded by alumni of Stanford University and BITS Pilani, Schmooze aims to disrupt India's online dating landscape with its unique approach.
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You have to have a good credit score to be allowed onto this dating app
Business Insider
·
1y ago
Medial
Financial platform Neon Money Club has launched a dating app called Score that specifically caters to individuals with a credit score above 675. The app uses Equifax to verify the user's eligibility but no other users can view the credit score. Score operates like a typical dating app allowing users to swipe left or right. However, the app will only be available for around 90 days and is considered a "pop-up experience." It joins a growing list of dating apps that match people based on common affinities.
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Dutch competition regulator rejects Apple's objections against fines
Economic Times
·
1y ago
Medial
The Dutch competition watchdog, ACM, has rejected Apple's objections against fines totaling €50 million for non-compliance with regulations aimed at reducing the dominant position of Apple's App Store. While Apple has complied with most demands to open the store to alternative payment methods for dating apps in the Netherlands, it has not met an undisclosed third condition related to the fines. The regulator ruled that Apple violated competition laws in the dating app market, leading to the fines. Apple's objections were rejected by the regulator on July 13, 2023.
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Tinder will now allow you to share date plans with friends and family
Livemint
·
1y ago
Medial
Dating app Tinder has introduced a new feature called 'Share My Date', allowing users to share their date plans with their friends and family. This feature aims to make dating more enjoyable and safer by enabling users to seek feedback and involve loved ones in their dating experience. Users can share date details such as location, time, and a photo through a single link, which recipients can access without needing the Tinder app. The 'Share My Date' feature will be available in select countries in the coming months.
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Bumble shares fall 30% after its annual revenue forecast cut sparks growth fears
Economic Times
·
11m ago
Medial
Shares of Bumble dropped 30% after the company reduced its annual revenue growth forecast. The dating app operator missed Wall Street estimates for second-quarter revenue and lowered its expectations for future growth. The company's downward revisions and lack of clarity on its growth strategy have raised concerns among investors. Bumble plans to launch new features and enhance the user experience, but challenges in the online dating market and changing consumer preferences pose obstacles. Bumble's total paying users increased to 4.1 million, compared to 3.6 million a year earlier.
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Tinder partners with CSR India to promote online dating safety guide
IndianStartupNews
·
1y ago
Medial
US-based online dating company Tinder has partnered with India's Centre for Social Research (CSR) to launch a Dating Safety Guide. The guide aims to educate users about safe online dating practices and raise awareness about the importance of adhering to community guidelines, utilizing in-app safety features, and understanding topics such as inclusivity, sexual health, and consent. Recent surveys indicate that safety features and promoting good behavior on dating apps are considered important by Indian users. Tinder has also implemented safety functionalities and revised its community guidelines to encourage positive behavior on the platform.
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Find Love in a Swipe: The Top Dating Apps of 2024
StartupTalky
·
1y ago
Medial
The article provides an overview of the best dating apps in India, including Tinder, Truly Madly, Happn, Woo, Bumble, OkCupid, Hinge, Coffee Meets Bagel, Aisle, and Badoo. It discusses the user base, features, pricing plans, and user reviews for each app. The article aims to help individuals find their perfect match on Valentine's Day and emphasizes the importance of considering factors like user experience, privacy, and security when choosing a dating app.
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