Layoffs · Healthcare & Life Sciences

Even Healthcare lays off 350 employees in restructuring

By Startup Enthusiast · 27 August 2026

What they do

Even Healthcare offers membership-based primary care, diagnostics, hospital services, and health insurance

It laid off about 350 employees (30-35% of workforce) as it phases out insurance and shifts to a hospital-led model

The company raised $20M earlier in 2026 and aims to expand hospital operations in Bengaluru

Even Healthcare laid off approximately 350 employees, which is about 30-35% of its workforce.
The layoffs affected multiple teams as the company phases down its insurance business.
Even is shifting to a hospital-led model to reduce costs and improve operational efficiency.
The company launched its first multispeciality hospital in Bengaluru in May 2025.
That hospital claimed to achieve operating break-even within six months.
Even raised $20 million (~₹180.5 crore) earlier in 2026 from existing investors Lachy Groom and Alpha Wave Global.
The funds will be used to expand hospital operations in Bengaluru and scale the managed-care business.

Even's net loss for FY25 was ₹83 crore, up 15.3% from ₹72 crore in FY24.
Operating revenue grew 3.1 times to ₹25 crore in FY25 from ₹8 crore in FY24.
The restructuring aims to cut costs and focus on the hospital-led model, which showed early profitability.

Even Healthcare operates a membership-based healthcare model covering primary care, diagnostics, hospital services, and post-discharge support.
Members pay a monthly or annual subscription for unlimited doctor consultations, free diagnostic tests, and guidance.
The company also offers health insurance plans covering hospitalisation, with up to ₹1 crore hospitalisation cover and ₹10 lakh OPD cover.
Even's insurance covers hospitalisation up to ₹1 crore through a network of 10,000+ hospitals.
Its insurance network includes 10,000+ hospitals and offers a 30-day free look period.
The company's first multispeciality hospital in Bengaluru launched in May 2025 and reached operating break-even within six months.

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