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Business News/ Companies / News/  Daily Rounds receives $500,000 in early-stage funding

Bengaluru: Daily Rounds, a mobile-based information-sharing network of doctors, said it received $500,000 from early stage investors Kae Capital and GSF Accelerator, as well as Japanese investor Teruhide Sato.

Founded a year ago by physician Deepu Sebin, Daily Rounds is a mobile app that provides free clinical cases, news and other medical content to doctors. The app also helps doctors share information and get access to cases treated by their peers.

The company is run by a team of four doctors and 15 editors, all of whom help generate and curate content.

The app is currently used by more than 45,000 doctors and the start-up plans to use the funds raised to increase this network to 2,00,000 doctors within the next year.

“The team has done a great job of engaging the doctors on the app by providing them high quality content. The key metrics on usage of the app by the doctors was compelling enough for us to make an investment," Kae Capital founder Sasha Mirchandani said.

Daily Rounds’ founder Sebin said the company will launch a better, revamped app for Android users and an app for owners of Apple Inc’s iPhones within the next three months. He said the company also plans to launch a paid-service in future for users looking for specialized content.

“Monetization will happen in future when we have a large enough user base. Our main priorities are to increase our user base and keep generating high quality content. Currently we generate most of our content but as our network increases we will increasingly get more content from our users. We’ve also tied up with medical schools to get access to case studies and journals," Sebin said.

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Updated: 14 Mar 2015, 01:29 AM IST
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