With $30 Million, Even Healthcare Aims to Transform The Indian Healthcare Landscape

Bengaluru based health-tech startup Even Healthcare bags $30 million investment, aims to open three new hospitals.

Even Health, a health technology company, has announced a $30 million Series A financing round led by Khosla Ventures and joined by Founders Fund, 8VC, and Lachy Groom, and others. This capital injection is modeled to augment inefficiencies in hospital management systems while also ameliorating the patient flow processes in the optimal growth phase of health care in India.

Co-founder Matilde Giglio pointed to the quick expansion of the company as, “Health Plans have expanded to both aggressive B2B and B2C verticals with 95% customer retention rate. To sustain this, Even Healthcare plans to plow more money on its delivery systems and healthcare product centric to its customers.”

Given her history with Even Healthcare launched only last three years, Giglio noted that Even Healthcare’s Health. Even Healthcare charges INR 4,800 per annum and offers free consultations, laboratory tests and hospitalization without any wait period. The firm registered $9 million in revenue for F.Y.24 period bringing the total investment up to $50 million.

The company plans to establish three secondary care facilities in the city of Bengaluru and this is a step towards the integrated “payvider” strategy combining provision and acquisition of health services aimed at prevention of unnecessary hospitalizations through active risk assessment and management.

Giglio also pointed out that this model is still novel to India, akin to Kaiser Permanente in the U.S. With more attention noted towards the India healthcare startup space, Even Healthcare provides cutting-edge solutions and is bound to be an important agent of change in the historical evolution of consumer healthcare.