About DailyRounds
DailyRounds is a company based in Bengaluru (India) founded in 2014 was acquired by M3 in April 2019.. DailyRounds has raised $1.7 million across 2 funding rounds from investors including Accel, Kae Capital and m3.com. The company has 282 employees as of March 31, 2024. DailyRounds offers products and services including Marrow, Creator+, India Drug Index, and Glia Circle. DailyRounds operates in a competitive market with competitors including Doximity, Docquity, Sermo, DXY and Therapeutic Research Center, among others.
- Headquarter Bengaluru, India
- Employees 282 as on 31 Mar, 2024
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Sectors
HealthcareMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Neuroglia Health Pvt Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$68.1 M (USD)30.46as on Mar 31, 2023
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Net Profit
$33.84 M (USD)42.09as on Mar 31, 2023
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EBITDA
$40.48 M (USD)41.04as on Mar 31, 2023
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Total Equity Funding
$1.7 M (USD)
in 2 rounds
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Latest Funding Round
$1.2 M (USD), Series A
Jun 17, 2016
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Investors
Accel
& 6 more
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Employee Count
282
as on Mar 31, 2024
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Acquired by
M3
(Apr 22, 2019)
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Products & Services of DailyRounds
DailyRounds offers a comprehensive portfolio of products and services, including Marrow, Creator+, India Drug Index, and Glia Circle. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for medical students' exam preparation and performance analytics.
Tool for generating customized question papers for medical colleges.
Database providing comprehensive drug details for clinicians and practitioners.
Network offering discounts and wellness resources for medical professionals.
Funding Insights of DailyRounds
DailyRounds has successfully raised a total of $1.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.2 million completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $1.2M
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First Round
First Round
(12 Mar 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - DailyRounds | Valuation | Accel | |
| Mar, 2015 | Amount | Seed - DailyRounds | Valuation | GSF , Kae Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DailyRounds
DailyRounds has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Kae Capital and m3.com. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DailyRounds
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DailyRounds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dailyrounds Comparisons
Competitors of DailyRounds
DailyRounds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Doximity, Docquity, Sermo, DXY and Therapeutic Research Center, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile networking platform for medical professionals
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| domain | founded_year | HQ Location |
Professional networking for doctors is facilitated through discussions and resources.
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| domain | founded_year | HQ Location |
Provider of social community for physicians
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| domain | founded_year | HQ Location |
An online community for physicians and healthcare professionals is facilitated.
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| domain | founded_year | HQ Location |
Provides medication learning through concise news, unbiased recommendations, and relevant educational services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dailyrounds
Frequently Asked Questions about DailyRounds
When was DailyRounds founded?
DailyRounds was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is DailyRounds located?
DailyRounds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of DailyRounds?
Vineet Bagri is the current CEO of DailyRounds.
Is DailyRounds a funded company?
DailyRounds is a funded company, having raised a total of $1.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Mar 12, 2015.
How many employees does DailyRounds have?
As of Mar 31, 2024, the latest employee count at DailyRounds is 282.
What is the annual revenue of DailyRounds?
Annual revenue of DailyRounds is $68.1M as on Mar 31, 2023.
What does DailyRounds do?
DailyRounds was founded in 2014 in Bengaluru, India, as a provider in the healthcare technology sector. A platform is operated where clinicians can share and discuss clinical cases, exchange knowledge, and access updates on journal articles, drug databases, ECG interpretations, treatment guidelines, and Continuing Medical Education courses. Operations focus on facilitating professional collaboration within the medical community.
Who are the top competitors of DailyRounds?
What products or services does DailyRounds offer?
DailyRounds offers Marrow, Creator+, India Drug Index, and Glia Circle.
Who are DailyRounds's investors?
DailyRounds has 7 investors. Key investors include Accel, Kae Capital, m3.com, Beenext, and Powerhouse Ventures.