Even Healthcare secures $30 mn in Series A funding round

Even Healthcare, a managed care provider,  announced that it has raised $30 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, 8VC, and Lachy Groom among others. This round brings the company’s total funding to $50 million. The new capital will be used to launch hospital operations and scale patient care and recourse processes.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers its members free consultations, diagnostic tests, and cashless hospitalisation through its in-house clinical team, a growing network of owned and partner clinics, and insurance partners.

With a workforce of 300 employees—a 50 per cent increase over the past year—Even Healthcare has grown its membership base to hundreds of thousands, generating $28 million in revenue just 1.5 years after its commercial launch. Members can access unlimited consultations across episodic care, lifestyle management, and chronic condition treatment for an annual fee of ₹4,800, with the option to add on health insurance for hospital coverage.

To further its mission of creating a seamless healthcare experience, Even plans to open three secondary-care-focused hospitals in Bengaluru. This move aims to enable the company to offer a vertically integrated “payvider” (payer + provider) model, aimed at reducing hospitalisation risks through early risk profiling and managed care. By bringing hospital operations in-house, Even intends to provide the same control over patient experience it has achieved with outpatient care, which has led to high customer satisfaction and retention.