DailyRounds app raises undisclosed funding by Accel Partners and existing investors

DailyRounds, the medical app connecting doctor has come to fore light after it raised an undisclosed funding from Accel partners as well as its existing investors Beenext, Powerhouse Venture and Akusa Holdings, Japan.

The CEO, a physician himself and founder of the app, Dr. Deepu Sebin has confirmed that the app will widen its reach in other countries as well where it has not reached yet.

He said “The new funds will help us cement our leadership as the largest doctors network in India and also help us widen our reach in other countries where we have significant traction. We will also be adding more number of specialties.”

The network was started in 2014 by Dr. Deepu as a personal project. It was designed focusing on the need for doctors to communicate effectively the latest findings, medical cases and experiences (case based learnings), latest medical developments and treatment guidelines.

The social app in turn has become an effective way to communicate case discussions among doctors, as traditionally case based studies could be shared by doctors only on medical journals and CME conferences, which was highly time consuming. But now with this mobile app, time is not a complexity where things can be communicated effectively without taking too much of time.

Dr. Sebin also told the Businessworld “On average, a medical doctor takes 30 key decisions per day. It ranges from what drug to prescribe, when to do a surgery, what device to use to when to discharge a patient. We positively influence those decisions there by having a direct impact on healthcare outcomes. From Day 1 DailyRounds has helped Doctors provide better care”,

He also added, “ We are a social network for doctors, built by doctors. More cases are discussed on our mobile app than in all the medical colleges in India combined. Our app store reviews will substantiate the fact why doctors vouch for DailyRounds as the one app that they always keep on their phones.”