A new dating app is Jabong co-founder Praveen Sinha’s next big bet. Called Tryst, the new app, is from the stables of Delhi-based Alibi Technologies — a company that Sinha has decided to back. The USP is that individuals can express their interests without disclosing their identities. The Jabong managing director’s move comes in the wake of Flipkart and Snapdeal co-founders turning angel investors.
Alibi, a six-month old start-up, is working on another app that will facilitate exchanges between doctors and patients. But that’s for a later date.
Alibi Technology, founded by Nikaash Puri and Jitender Bajaj, both final year students of Information Technology at the Delhi College of Engineering, plans to launch Tryst, ahead of the Valentine’s Day. Neither Sinha nor the Alibi Technology teams disclosed the quantum of investment made by Sinha.
Sinha had earlier invested in on-demand home services platform Zimmber, which enables a consumer to book services like plumbers and electricians at the click of a mouse. Besides, he had also partnered with Anahita and Shayal Taunk to launch an online art gallery Anasha Art, which deals in curated high-end art from established as well as upcoming artists. Praveen is learnt to have invested less than R20 lakh in the venture.
According to Puri, Tryst will allow users to keep their identities under the wraps until the recipient acknowledges interest. “We are targeting friends who are in the same group who are already close to each other but apprehensive in expressing romantic interests. We are not targeting that group where you keep searching for random people,” Puri told FE, adding that the app will also have a section featuring separate chat rooms and layouts for the LGBT community. In order to ensure secrecy and avoid untoward situations, the app will not save previous conversations between the individuals. “We keep absolutely no record of the conversations,” Puri added.
The team will work towards monetising the app by providing ancillary services like organising dates, facilitating exchange of cards, gifts and flowers, besides featuring advertisements with the app.
Besides investing between R5 lakh and R1 crore as seed capital or early-stage investment in start-ups, Sinha also connects them with potential investors to raise further funds. “You can find a scalable idea, and shape it in an opportunity, but the core team is the engine which converts idea to reality, and hence finding the right team is central to every venture,” Sinha said.
Incidentally, Flipkart co-founders Sachin Bansal and Binny Bansal and Snapdeal co-founder Kunal Bahl have also been on an investment spree.