Bengaluru-based managed care startup Even Healthcare has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures. The latest fundraise comes within 15 months of the company’s $30 million Series A round in October 2024.
With this infusion, Even Healthcare’s total funding has reached $70 million, while its valuation has more than doubled over the past year, reflecting growing investor confidence in its integrated healthcare delivery model.
The company said the capital will be used to expand its hospital footprint in Bengaluru and accelerate the rollout of its managed-care hospital model. Even Healthcare aims to build a tightly integrated care ecosystem that combines primary care, diagnostics, hospitalisation, and post-discharge recovery under a single accountable system.
Founded in 2020, Even Healthcare operates a membership-based healthcare model that prioritises continuity of care and long-term patient outcomes over traditional volume-led hospital metrics. Unlike conventional hospital systems that focus on maximising admissions and length of stay, Even’s care teams remain responsible for patients across consultations, diagnostics, in-hospital treatment, and recovery at home.
Alongside the funding announcement, the company shared early operational metrics from its hospital operations. Even said its first hospital achieved operating break-even within six months of launch. Since opening its first facility in May 2025, the startup claims to have tracked clinical outcomes across its network, reporting zero unplanned 30-day readmissions across more than 350 surgeries and no post-operative infections within the observed cohort.
The company also said it avoided over 200 hospitalisations through monitored home recovery programmes. Additionally, the average length of hospital stay was approximately 40% lower compared to similar care settings, indicating potential cost and efficiency advantages of its model.
As India’s healthcare sector grapples with rising costs and fragmented care delivery, startups like Even Healthcare are increasingly attracting investor interest by positioning themselves as outcome-driven alternatives to traditional hospital chains. The latest funding underscores a growing appetite for managed-care platforms that align incentives around patient recovery, efficiency, and quality of care rather than volume-led expansion.
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