Even Healthcare raises $50M Series B
By Abha Lohia ·
Even Healthcare: revenue and funding and every story →
- Even Healthcare runs a membership-based care model covering primary care, diagnostics and hospital treatment, with one team following each patient through…
- Khosla Ventures led the $50 million Series B with Alpha Wave joining, tripling the company's valuation compared with its raise about eighteen months earlier
- The money will fund five new hospitals across Bengaluru within six months, after a layoff of roughly 350 staff in August
What happened
- Even Healthcare raised $50 million in a Series B round.
- Khosla Ventures led, with Alpha Wave taking part.
- Valuation is about three times the previous round.
- Total funding now tops $120 million.
Why it matters
- Funds five new hospitals in Bengaluru over six months.
- Follows a layoff of about 350 employees in August.
The business
- Even is an integrated managed care company.
- It sells a membership covering primary care, diagnostics and hospital services.
- Care teams follow patients from consultation to post-discharge recovery.
- It was founded in 2021 and is based in Bengaluru.
The founders
Who put in money
- Khosla Ventures Lead — Existing investor
- Alpha Wave Participant — Backed the earlier round
In numbers
₹25.43 croreRevenue FY25
What happens next
- Open five hospitals in Bengaluru.
Earlier rounds
- Earlier round of $20M led by Lachy Groom and Alpha Wave in January 2026.
Other articles talking about it
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series B/C: Series B, C, D and later rounds are growth rounds: large cheques that help a startup with a proven model expand faster, enter new markets or move toward profit and a listing.
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
- Layoffs: Startups lay people off when cash runs short or growth plans change, and the main reasons are over-hiring, a funding slowdown and a business that does not earn enough. The law sets notice and pay rules that differ by role and by the size of the company.
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