6 days ago
Even Healthcare Cuts 350 Jobs Amid Hospital-Led Business Pivot
Even Healthcare is a company that helps people get medical care through memberships and insurance.
It recently dismissed about 350 workers.
That is roughly one-third of its employees.
The company is reducing its focus on insurance.
Instead, it wants to run and expand hospitals.
It opened its first multispeciality hospital in Bengaluru in May 2025.
Even says the hospital reached operating break-even within six months.
The company raised $20 million earlier this year to support its hospital plans.
However, its net loss increased to ₹83 crore in FY25.
Even Healthcare reportedly laid off around 350 employees, representing 30–35% of its workforce.
The Bengaluru-based startup is phasing down its insurance business and shifting resources toward hospitals.
The restructuring affects multiple teams and is intended to reduce costs and improve operational efficiency.
Even raised $20 million earlier this year to expand hospital operations and its managed-care business.
The company’s net loss widened to ₹83 crore in FY25, while operating revenue rose to ₹25 crore.
- Who
- Even Healthcare and around 350 of its employees.
- What
- The healthtech startup reportedly conducted major layoffs while shifting from insurance toward a hospital-led healthcare model.
- Where
- Bengaluru, India, where Even Healthcare is based and expanding its hospital operations.
- When
- The layoffs were reported after Even opened its first hospital in May 2025; its latest cited financial results cover FY25.
- Why
- The company is phasing down its insurance business, reducing costs, improving operational efficiency, and redirecting resources toward hospitals.
Key facts
- Reported layoffs
- Around 350 employees
- Share of workforce affected
- Approximately 30–35%
- Recent funding
- $20 million, raised earlier this year
- Hospital expansion
- Even opened its first multispeciality hospital in Bengaluru in May 2025
- FY25 operating revenue
- ₹25 crore, up from ₹8 crore in the previous year
- FY25 net loss
- ₹83 crore, compared with ₹72 crore in FY24
- Total funding raised
- More than $90.45 million since inception
Quotes
An unnamed source cited by Entrackr
A source familiar with Even Healthcare’s restructuring, quoted in the report
“The job cuts have impacted multiple teams and come as Even looks to reduce its cost base. The company is also restructuring parts of its business as it shifts resources towards its hospital-led healthcare model”
inc42.com
Sources
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