Even Healthcare Raises $20 Mn To Expand Hospital Network

Even Healthcare has raked in $20 Mn (INR 180.5 Cr) in a fresh funding round from existing investors like Lachy Groom and Alpha Wave as well as new investor Sharrp Ventures, among others.

The startup plans to utilise the fresh capital to expand its hospital footprint in Bengaluru after launching its first hospital in the city in May 2025. It will also deploy funds towards scaling its core business of managed care services.

With this, the startup claims to have raised $70 Mn till date. It last bagged $30 Mn in its Series A funding round in September 2024 from investors like Khosla Ventures, Founders Fund, and 8VC, among others.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers people subscription-based services that help them manage their everyday health without worrying about per-visit costs. Instead of paying per doctor visits or tests, Even’s users pay a monthly or annual fee and get unlimited consultations with doctors alongside access to diagnostics and medical guidance.

While insurance usually kicks in only when you’re seriously ill, Even works like a health partner that helps one stays healthy in the first place — managing issues early, guiding lifestyle changes and coordinating care when needed. Insurance can be added on top for emergencies or hospital stays, but Even’s core promise is reducing the need to get there at all.

It is important to mention that Even also set up its first hospital in Bengaluru in 2025. It claims that the new hospital has achieved operational break even within six months. “We’re proud of that milestone because it’s fast by hospital standards – many hospitals take 2 to 3 years to reach operating break-even,” Even Healthcare’s cofounder Mayank Banerjee said.

With several gaps in India’s healthcare ecosystem that is not yet built to provide for the world’s largest population, investments in tech-backed healthcare companies has grown exponentially since Covid-19. In fact, the number of investments in healthcare startups increased by 37% in 2025, even as the cumulative funding amount grew a marginal 4.1% to $746 Mn.

One of the trends that has emerged is the deeper penetration of chronic and preventive care platforms that are expanding their reach beyond metro cities. Some other startups working in this space include Alyve Health and Onsurity, which also provide personalised digital health plans for corporates.