Even Healthcare has raised $30 million in a Series A fundraising round led by Khosla Ventures.

Lachy Groom, 8VC, and Founders Fund also participated. After an initial $5 million in seed finance led by Khosla Ventures in 2021 and prior investments of $15 million from Alpha Wave and Aspada in November 2022, this latest round increases the company's total funding to $50 million.

Even Healthcare's goal of providing seamless, integrated healthcare services will be furthered by the new cash injection, which will allow it to start hospital operations and grow its patient care and resource systems. Through managed care and early risk assessment, the company's novel "payvider" (payer + provider) model—the first of its type in India—aims to enhance patient outcomes.

Even Healthcare, which was founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, uses alliances with hospitals and insurance companies to provide its users cashless hospitalization, diagnostic testing, and free consultations. Even makes healthcare more inexpensive and accessible by providing limitless outpatient department (OPD) consultations and diagnostic procedures, in contrast to typical medical insurance.

Even Healthcare intends to establish three secondary care-focused hospitals in Bengaluru, India's tech capital, with the help of its new finance. By providing managed care and early risk assessment, these facilities will assist the firm in lowering hospitalization risks and enable Even to implement its successful outpatient care model in hospital settings.

In only 18 months following its commercial launch, Even Healthcare's membership base grew to hundreds of thousands, demonstrating the company's successful adoption of an innovative approach to managed care. The firm, which employs 300 people, has also made $28 million (more than INR 230 crore) in revenue during this time.

A significant weakness in India's healthcare system, which has one of the highest rates of medical inflation in Asia, is filled by Even Healthcare's comprehensive approach. As further evidence of the company's commitment to using technology to scale solutions, the AI-powered health assistant "Even Steven" was recently launched with the goal of facilitating better patient access to validated medical information via WhatsApp.