Key Takeaways
- • Even Healthcare raised $50 million in a Series B round led by Khosla Ventures, with participation from Alpha Wave, valuing the company at around $300 million.
- • Even Healthcare plans to open five hospitals across Bengaluru over the next six months, starting with Indiranagar, on top of its two existing hospitals in the city.
- • The company reported a net loss of ₹902 million in financial year 2025 on revenue of ₹272 million, according to regulatory filings cited in the report.
- • Even Healthcare claims an unplanned readmission rate below 1%, against an industry benchmark of 8% to 15%, and says patients spend 40% less time in hospital.
- • The company laid off around 350 employees in August as part of a restructuring, while continuing to scale its network.
Summary
Even Healthcare has raised $50 million in a Series B funding round led by Khosla Ventures, with participation from Alpha Wave. The round valued the company at around $300 million, according to the report. Vinod Khosla said the clinical and economic results "give us conviction that this can become an important new model for healthcare in India and beyond."
The company plans to use the capital to open five hospitals across Bengaluru over the next six months. It currently operates two hospitals in the city, with expansion starting in Indiranagar, and aims to place an Even hospital within five kilometres of every member in Bengaluru. Even Healthcare leases its hospital buildings and invests in medical equipment and other facilities. Co-founder Mayank Banerjee said the company's economics depend on keeping members healthy, from first consultation through hospital care and recovery at home.
Even Healthcare operates a managed care model with cashless hospital care. It says it pays doctors fixed salaries rather than tying compensation to the number of tests or procedures recommended, and that bonuses can be based on patient recovery and reported treatment outcomes. The company says it has around 250,000 members and has recorded more than 750,000 patient interactions since launching in 2021, including consultations, diagnostic tests and surgeries. An AI quality system reviews each case against clinical protocols in real time, and the company publishes outcome data on its website.
Financially, the company reported a net loss of ₹902 million in FY2025 on revenue of ₹272 million, according to regulatory filings cited in the report. Even Healthcare also laid off around 350 employees in August as part of a restructuring exercise, with affected staff receiving severance, extended health insurance and accelerated equity vesting. Jai Sajnani said the company aims to put quality care within reach of every family in Bengaluru and across India.
The company plans to use the capital to open five hospitals across Bengaluru over the next six months. It currently operates two hospitals in the city, with expansion starting in Indiranagar, and aims to place an Even hospital within five kilometres of every member in Bengaluru. Even Healthcare leases its hospital buildings and invests in medical equipment and other facilities. Co-founder Mayank Banerjee said the company's economics depend on keeping members healthy, from first consultation through hospital care and recovery at home.
Even Healthcare operates a managed care model with cashless hospital care. It says it pays doctors fixed salaries rather than tying compensation to the number of tests or procedures recommended, and that bonuses can be based on patient recovery and reported treatment outcomes. The company says it has around 250,000 members and has recorded more than 750,000 patient interactions since launching in 2021, including consultations, diagnostic tests and surgeries. An AI quality system reviews each case against clinical protocols in real time, and the company publishes outcome data on its website.
Financially, the company reported a net loss of ₹902 million in FY2025 on revenue of ₹272 million, according to regulatory filings cited in the report. Even Healthcare also laid off around 350 employees in August as part of a restructuring exercise, with affected staff receiving severance, extended health insurance and accelerated equity vesting. Jai Sajnani said the company aims to put quality care within reach of every family in Bengaluru and across India.
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