Daily Rounds, which provides a combined service of social network and medical journal to doctors, has today announced that it has raised an undisclosed amount of funding from Accel India and Asuka Holding.
Apart from these new investors, existing investors Beenos and Powerhouse Ventures have also participated in this round. With the amount raised in this round, the company now aims to add more content and further expand its user base on the platform.
The company was founded by Dr Deepu Sebin, along with Nimmi Cherian and Priyaank Choubey, in January 2014. Before joining Daily Rounds, Nimmi worked as a Research Officer on the ‘infamous’ Akash tablet project and Priyaank was the CTO at Spiffout, a customer engagement platform.
Daily Rounds is a clinical case based academic network for Doctors. In the backend, the company also provides Pharma Analytics and e-detailing.
About 70% of our users are now in India and remaining overseas. We have invested heavily in domain knowledge in the medical space and are also getting more local reference for treat-ments,
said Dr Sebin.
In its team of total 32 people, 8 of them are doctors. Daily Rounds claims that it has more than 40,000 case studies on the platform. It has also launched applications for specific practices, such as pediatric, radiology and cardiology. It is expecting to monetise the platform through subscription of premium case studies, ads and analytics solutions, designed specially for doctors and medical personnel.
The mobile application is available on both platforms – Android and iOS. As per the numbers released by the company, its app is currently being used by over 250,000 people.
Last year, the company had raised around $500,000 in its seed funding round from Kae Capital, along with the participation of Teruhide Sato and GSF. Prior to that, it had raised undisclosed amount in July 2013 and 2014.
The startup has tie-ups with major medical institutions across the globe, including the likes of NYU Lagone, AIIMS Delhi, Peninsula Medical School among over 78 other institutes. The journal has a collection of over 190 clinical cases contributed by over 120 contributors.