Even Healthcare, a Bengaluru-based healthtech startup transforming India’s managed-care landscape, has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave Global, with participation from Sharrp Ventures. This round comes just 15 months after the company’s $30 million Series A in October 2024, taking its total funding to $70 million and more than doubling its valuation over the past year. 

The funding highlights strong investor confidence in Even’s patient-centric, outcome-driven healthcare model and its potential to scale in India’s growing healthtech ecosystem.

Integrated Managed-Care Model Focused on Outcomes

Founded in 2020 by Mayank Banerjee (CEO), Matilde Giglio (COO), and Alessandro Ialongo (CTO), Even Healthcare operates a membership-led, vertically integrated managed-care platform. The model combines primary care, diagnostics, hospital services, and structured post-discharge home recovery, ensuring that care teams remain accountable across the patient journey.

Unlike traditional hospitals that focus on admissions and length of stay, Even emphasizes clinical outcomes, early intervention, and continuity of care, reducing unnecessary hospitalizations and improving recovery times. This approach addresses critical gaps in India’s healthcare system, including fragmented patient journeys and inconsistent quality of care.

Expansion and Use of Funds

The newly raised capital will be used to expand Even Healthcare’s hospital footprint across Bengaluru and scale its technology-driven, integrated care model. The company plans to launch additional facilities, including smaller, high-efficiency hospitals connected to its digital health ecosystem, enabling affordable, outcome-focused care at scale.

Even Healthcare’s first hospital, launched in May 2025, achieved operating break-even within six months, a milestone considerably faster than industry norms, which typically require two to three years. This early validation underscores the efficiency and scalability of its managed-care model.

Strong Early Performance and Patient Outcomes

Even Healthcare has reported impressive operational and clinical outcomes across its first hospital and patient cohort:

1. Zero unplanned 30-day readmissions across 350+ surgeries
2. No post-operative infections in monitored cases
3. Over 200 hospitalizations avoided through structured home recovery programs
4. Average hospital stay approximately 40% shorter than comparable healthcare settings

These metrics highlight Even’s ability to deliver high-quality care, improved patient satisfaction, and efficient resource utilization, positioning the company as a pioneer in India’s managed-care segment.

Addressing Gaps in India’s Healthcare System

India’s healthcare landscape has long been characterized by fragmented care delivery, high readmission rates, and inconsistent post-discharge follow-up. Even Healthcare’s integrated approach addresses these challenges by aligning incentives around patient outcomes rather than volume-based care, while leveraging technology to ensure continuous monitoring, follow-ups, and data-driven decision-making.

This model not only improves patient recovery but also reduces strain on healthcare infrastructure, making it a scalable solution for urban and semi-urban regions.

Future Roadmap and Vision

With fresh funding and early proof points established, Even Healthcare aims to:

1. Expand its hospital network within Bengaluru and select urban centers
2. Strengthen its digital health ecosystem to improve care coordination
3. Launch additional membership-led programs focused on prevention, diagnostics, and recovery
4. Continue scaling outcomes-driven care models that reduce hospital stays, readmissions, and healthcare costs

By combining clinical discipline, operational efficiency, and a patient-first philosophy, Even Healthcare is poised to redefine managed care in India, offering a replicable model for both domestic and international expansion.