Funding · Healthcare & Life Sciences

Even Healthcare secures Rs 208 crore Series B

By Startup Enthusiast · 27 August 2026

Date: 27 August 2026
Company: Even Healthcare
What it does: Hospital and clinic healthcare operator
Kind: Funding
Amount: Rs 208.24 crore
Stage: Series B
Based in: Bengaluru
Founded: 2020
Sector: Healthcare & Life Sciences

What they do

Even Healthcare manages complete patient treatment plans covering general clinics, hospital stays, and follow-up medical care through subscription memberships

What happened

The startup raised Rs 208.24 crore in Series B capital led by Khosla Ventures to finance operations and scale hospital locations

Why it matters

The business is trimming around 350 roles as it reduces its insurance arm to prioritize running hospital facilities directly

The details

Khosla Ventures anchored an infusion of Rs 208.24 crore into the startup through a Series B financing round.
Khosla Ventures committed Rs 145 crore, with DLB Ventures contributing Rs 38.88 crore and Simon Fiduciaria providing Rs 22.67 crore.
The firm also took on investments from ADBEEV LLP alongside early-stage backer Better Capital.
The post-money valuation (company worth after taking new funds) reached an estimated $300 million.
At the same time, the startup laid off approximately 350 workers, equating to 30-35% of its team.
These job cuts stem from an intentional phase-down of its insurance offerings in favor of a hospital-centric setup.

The bigger picture

The business previously picked up $20 million from investors including Lachy Groom and Alpha Wave in January 2026.
A previous funding round collected $30 million during 2024.
The latest equity financing raises cumulative funds gathered by the business to more than $70 million.

About the business

Even Healthcare runs a membership-focused medical service covering preliminary checks, outpatient clinics, and major inpatient treatments.
Its managed health model oversees user recovery from primary medical reviews through hospital visits and rehabilitation.
The startup opened its debut hospital location in Bengaluru in May 2025.
That hospital reached operating break-even (income covering everyday running expenses) inside of six months.
Patients undergoing more than 350 surgical operations at the hospital had no unscheduled readmissions within a month.
Inpatient admissions maintain stay durations that run at least 40% lower than comparable hospital stays.
The group also retails insurance products via Euston Insurance Advisors Private Limited, its licensed broker entity.

What happens next

The leadership will channel newly drawn capital toward company operations and broadening its footprint of owned hospitals.

The deal

Type: Series B

Investors

Khosla Ventures (lead) — Contributed Rs 145 crore in this round.
DLB Ventures (participated) — Committed Rs 38.88 crore.
Simon Fiduciaria (participated) — Committed Rs 22.67 crore.
ADBEEV LLP (participated)
Better Capital (participated)

Founders

Mayank Banerjee, CEO
Matilde Giglio, COO
Alessandro Ialongo, CTO

About Even Healthcare

Product: Managed healthcare membership offering integrated primary care, hospitalisation, diagnostics, and post-discharge support
Customers: Consumers and corporate workforces seeking integrated healthcare and hospital care
How it makes money: Recurring membership subscriptions and managed care hospital services
What sets it apart: Hospital-led managed care model combining direct clinical facilities with health coverage

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