DailyRounds, Marrow Cofounder Deepu Sebin Quits

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DailyRounds, a healthcare-focused edtech platform, has announced that its co-founder, Deepu Sebin, has resigned from the company and its NEET PG test-preparation platform Marrow. The company has promoted Vineet Bagri, who worked with Sebin for over three years, to the position of CEO. DailyRounds was founded in 2015 and provides an online community for physicians, doctors, medical schools, and surgeon societies to publish clinical cases and allied information. It claims to have a network of over 300K doctors, with 400 new doctors joining the platform daily.

The startup has raised over $500K in funding and is backed by investors such as Accel, Beenos Partners, Powerhouse Ventures, Microsoft Accelerator Bangalore. It is impressive that DailyRounds has been able to achieve profitability in a sector where many other edtech platforms are struggling with mounting losses. The startup has raised over $500K in funding and has been backed by prominent investors such as Accel, Beenos Partners, Powerhouse Ventures, Microsoft Accelerator Bangalore, and GSF. In contrast, some of the unicorns in the edtech space, such as Unacademy and Vedantu, have reported significant losses. Unacademy reported a net loss of INR 2,848 Cr in FY22, while Vedantu posted a loss of INR 696 Cr during the same period. DailyRounds’ ability to turn a profit in a challenging sector may be an indication of its sound business model and strong execution.