An app that keeps things casual for users

[SINGAPORE] Singaporean entrepreneur Daniel Chia has created a first-of-its-kind social networking app which he believes could fill a need now unmet by Facebook and Twitter.

Since its launch in March, BlastOut has secured $200,000 in angel funding and is valued at $2 million in venture capital terms, he told The Business Times.

His baby, a geo-located and mobile-only platform, lets users create their own private temporary social networks around an event, where they can connect and communicate anonymously with people nearby, or swap contacts to get to know each other better.