Bengaluru | January 6, 2026: Even Healthcare, India’s leading managed‑care provider, has announced a fresh $20 million funding round, led by existing investors Lachy Groom and Alpha Wave, with participation from new investor Sharrp Ventures. This round brings Even’s total funding to $70 million and marks a 2x valuation milestone in less than a year.
The capital will be used to expand Even’s hospital footprint in Bengaluru and scale its managed‑care model, which prioritizes patient recovery and outcomes over hospital utilisation. Care teams remain accountable across the full patient journey—from early access through 24/7 teleconsultations, diagnostics, hospitalisation when needed, and structured recovery at home—helping prevent avoidable complications and admissions.
Break‑Even Milestone
Even Healthcare also announced that its first hospital reached operating break‑even in under six months, a rare achievement in the sector where hospitals typically take 2–3 years. This milestone reflects the strength of Even’s model, which aligns clinical and financial incentives around continuity of care, early intervention, and monitored recovery, enabling better outcomes alongside sustainable unit economics.
Mayank Banerjee, Co‑Founder, Even Healthcare, said: “We’re proud of this milestone because it’s fast by hospital standards. What matters even more is how we got there: Even’s model is structurally designed to reduce unnecessary admissions, long stays, and avoidable return visits. This proves you can build a hospital that keeps people healthier, puts patients first, and still run a strong business.”
Lachy Groom, Investor, added: “Even is demonstrating something rare in healthcare: strong clinical outcomes alongside early unit‑level profitability. Their ability to reach break‑even in under six months while reducing avoidable hospitalisations shows this model can scale without compromising quality.”
Clinical Outcomes (Tracked Cohort Results)
- 0 unplanned 30‑day readmissions across 350+ surgeries
- 0 post‑operative infections in the tracked cohort
- 5,000+ OPD visits delivered via clinics and hospital teams
- 200+ avoided hospitalisations through monitored at‑home recovery pathways
- Average Length of Stay 40% shorter than comparable settings
Momentum & Milestones (2025–2026)
- Reported 50% reduction in post‑surgery readmissions (early 2025)
- Completed first ESOP buyback (March 2025)
- Launched first hospital in Bengaluru (May 2025)
- Achieved 92% online revenue retention rate (September 2025)
About Even Healthcare
Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare is India’s leading managed‑care provider dedicated to building a better blueprint for healthcare. Through its innovative membership model, Even offers free consultations, diagnostic tests, and cashless hospitalisation, supported by a vertically integrated “payvider” approach that prioritises preventative and outcome‑led care.
Backed by global investors including Khosla Ventures, Founders Fund, and 8VC, Even is rapidly scaling to make high‑quality, affordable healthcare accessible to millions across India.
Websites: https://even.in and https://hospitals.even.in
