Even Healthcare is a managed healthcare company headquartered in Bengaluru, Karnataka. Founded in 2020, the company operates a subscription-based healthcare model that integrates primary and secondary care through a network of owned clinics, hospitals, and partner facilities. In 2025, the company expanded into direct hospital operations with the opening of its first multi-speciality facility in Bengaluru.
History Even Healthcare was co-founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo. Prior to establishing the company, Banerjee and Giglio had collaborated on media-technology in the United Kingdom and the United States, including the journalism startup Compass News. The company initially operated as a digital-first platform focused on preventive and primary care. In January 2023, it established a medical advisory board to define clinical protocols; board members included Dr. Martin Gilbert (formerly of Boston Consulting Group) and Dr. Abha Agarwal (CMO at Humboldt Park Health). In May 2025, the company expanded into physical infrastructure by opening a 70-bed multi-speciality hospital in Bengaluru. As of early 2026, the company's network includes six clinics and partnerships with approximately 100 third-party hospitals.
Operations and infrastructure In 2025, the company expanded from its initial asset-light model into direct physical infrastructure. In July 2025, it inaugurated its first 70-bed multi-speciality facility, Even Hospital, in Bengaluru. The hospital operates on a managed care model that aligns provider compensation with health outcomes rather than the number of procedures performed. By September 2025, the company reported a network of six clinics in Bengaluru and partnerships with over 100 third-party hospitals. In early 2026, the company announced plans to expand its managed-care hospital network to 25 facilities over the following 36 months.
Funding and venture capital As of early 2026, Even Healthcare has raised approximately US$80 million in total venture capital funding. The company's initial capitalization began in 2021 with a US$5 million seed round led by Khosla Ventures. This was followed by a US$15 million bridge round in 2022, with participation from Alpha Wave Global and Aspada. In 2024, the company secured a Series A funding round totaling US$50 million, executed in two tranches. The first tranche of US$20 million was announced in August 2024, followed by a US$30 million second tranche in October 2024, both led by Khosla Ventures. In January 2026, the company raised an additional US$20 million in an extended Series A round led by Lachy Groom and Alpha Wave. Other institutional investors in the company include 8VC, Founders Fund, and Sharrp Ventures. In 2025, Even Healthcare conducted a US$500,000 secondary transaction to facilitate an employee stock ownership plan (ESOP) buyback.
See also Managed care Health insurance in India Healthcare in India
References
External links Official website