Even Healthcare

Healthtech · Managed Care · India

Funding

Even Healthcare raises $50M Series B led by Khosla Ventures

The round triples its valuation to $300 million months after the startup cut roughly 350 jobs, testing whether owned hospitals can turn a profit.

• Even Healthcare closed a $50 million Series B led by existing investor Khosla Ventures, with Alpha Wave also participating, valuing the company at roughly $300 million.
• Founded in 2021, the Bengaluru startup builds its own hospitals and runs a membership model where doctors earn fixed salaries with bonuses tied to patient outcomes rather than procedure volume.
• The capital will fund five new Bengaluru hospitals over the next six months, starting in Indiranagar, adding to the two facilities Even already operates.
• Even says unplanned readmissions have stayed below 1%, versus an industry range of 8-15%, with average hospital stays running 40% shorter.
• The raise follows a $20 million round in January 2026 led by Lachy Groom and Alpha Wave at a $153 million valuation, meaning Even's valuation has roughly doubled in nine months.
• The funding lands two months after Even laid off about 350 employees, while FY25 filings show losses widening 24.5% to ₹90.15 crore on revenue of ₹25.43 crore.
• Investors are betting that vertically integrated, outcome-based hospital models can fix India's fee-for-service healthcare incentives, a thesis also drawing capital to rivals like Superhealth and Oncare.