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Even Healthcare raises $50 million in Khosla Ventures-led Series B funding
Sentiment: NeutralHigh Priority
What Happened?
Bengaluru-based Even Healthcare has secured $50 million in Series B funding led by Khosla Ventures. This funding triples the company's valuation, bringing total funding to over $120 million.
Key points
- Even Healthcare plans to open five hospitals in Bengaluru within six months.
- The company has tripled its valuation since its last funding round 18 months ago.
- Even's model focuses on integrating financing, technology, and care delivery.
- The company aims to have a hospital within five kilometers of every member in Bengaluru.
- Even serves over 250,000 members across 10 cities.
Key insights
- Even's approach may reshape healthcare delivery in India by focusing on patient outcomes rather than procedure volume.
- The integration of technology in healthcare could lead to improved efficiency and patient satisfaction.
- If successful, this model may influence other healthcare providers to adopt similar practices.
Why it matters
This funding could enable Even Healthcare to expand its innovative healthcare model across Bengaluru and potentially other major cities in India.
Tags
Entities
Even Healthcare· OrganizationKhosla Ventures· OrganizationBengaluru· CityAlpha Wave· Organization
Source
Business Standard
