Key Takeaways
- • Even Healthcare, a Bengaluru-based company, raised $50 million in a Series B round led by existing investor Khosla Ventures, with participation from Alpha Wave.
- • The round tripled the company's valuation compared with its previous fundraise 18 months earlier, bringing total funding to more than $120 million.
- • The capital will fund five new hospitals across Bengaluru over the next six months, starting in the Indiranagar locality.
- • Even Healthcare reported unplanned hospital readmission rates below 1% in its first full year of managed care programmes, versus an industry range of 8% to 15%, and average hospital stays 40% shorter.
Summary
Bengaluru-based Even Healthcare has raised $50 million in a Series B funding round led by existing investor Khosla Ventures, with participation from Alpha Wave, according to the company's announcement as reported by Digital Health News. The round tripled the company's valuation compared with its previous fundraise 18 months ago and takes its total funding to more than $120 million.
The company will use the proceeds to open five hospitals across Bengaluru over the next six months, with the next phase beginning in the Indiranagar locality. Even Healthcare aims to place a hospital within five kilometres of every member in Bengaluru before extending its model to other major Indian cities. The company currently serves more than 2.5 lakh members across 10 cities.
Even Healthcare is pursuing a managed care model that combines healthcare delivery, financing and technology. Rather than focusing on individual consultations or hospital visits, it seeks to manage the patient journey from first consultation through hospitalisation and post-discharge recovery. Its membership-based approach links consultations, diagnostics, hospital admissions and follow-up care through a dedicated care team, and it provides cashless hospital care through insurance partners. An AI-based quality system reviews cases against clinical protocols in real time.
The company reported that its first full year of managed care programmes, conducted with insurance partners, recorded unplanned readmission rates below 1%, compared with an industry range of 8% to 15%. Average hospital stays were 40% shorter, and proactive care interventions helped more than 200 members avoid hospitalisation, generating estimated patient savings of INR 15-16 crore.
Khosla Ventures founder Vinod Khosla said the company is attempting to integrate financing, technology and delivery of care so that the system is rewarded for better health outcomes rather than greater utilisation. He said the clinical and economic results give him conviction the model can become an important new approach to healthcare in India and beyond.
Even Healthcare was founded in 2021 by Mayank Banerjee, Matilde Giglio and Alessandro Ialongo. In January 2026 it raised $20 million in a round led by existing investors Lachy Groom and Alpha Wave Global, with participation from Sharrp Ventures.
The company will use the proceeds to open five hospitals across Bengaluru over the next six months, with the next phase beginning in the Indiranagar locality. Even Healthcare aims to place a hospital within five kilometres of every member in Bengaluru before extending its model to other major Indian cities. The company currently serves more than 2.5 lakh members across 10 cities.
Even Healthcare is pursuing a managed care model that combines healthcare delivery, financing and technology. Rather than focusing on individual consultations or hospital visits, it seeks to manage the patient journey from first consultation through hospitalisation and post-discharge recovery. Its membership-based approach links consultations, diagnostics, hospital admissions and follow-up care through a dedicated care team, and it provides cashless hospital care through insurance partners. An AI-based quality system reviews cases against clinical protocols in real time.
The company reported that its first full year of managed care programmes, conducted with insurance partners, recorded unplanned readmission rates below 1%, compared with an industry range of 8% to 15%. Average hospital stays were 40% shorter, and proactive care interventions helped more than 200 members avoid hospitalisation, generating estimated patient savings of INR 15-16 crore.
Khosla Ventures founder Vinod Khosla said the company is attempting to integrate financing, technology and delivery of care so that the system is rewarded for better health outcomes rather than greater utilisation. He said the clinical and economic results give him conviction the model can become an important new approach to healthcare in India and beyond.
Even Healthcare was founded in 2021 by Mayank Banerjee, Matilde Giglio and Alessandro Ialongo. In January 2026 it raised $20 million in a round led by existing investors Lachy Groom and Alpha Wave Global, with participation from Sharrp Ventures.
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