Even Healthcare raises $50M led by Khosla Ventures to transform India's hospital economics
Indian healthtech startup Even Healthcare has raised $50 million in a Series B funding round, bringing its valuation to $300 million. The investment was led by Khosla Ventures and included participation from Alpha Wave. This brings the company’s total capital raised to over $120 million since 2021. Even aims to disrupt India's hospital business model by prioritizing patient care over unnecessary procedures, which often drive up medical costs in traditional hospitals. The startup has shifted its strategy from relying on partner hospitals to building and operating its own facilities, with two profitable hospitals already open in Bengaluru. It plans to expand further using the latest funding. The company pays doctors fixed salaries rather than tying compensation to treatments performed, aligning incentives around patient outcomes instead of volume. Even also shares equity with employees across all levels, including medical staff and hospital managers.
