Business · Companies · 1 hr ago
Even Healthcare raises $50 million to expand its hospital network in Bengaluru
Even Healthcare raised $50 million in an all-equity funding round led by Khosla Ventures, with Alpha Wave also taking part.
The Indian startup was valued at $300 million, three times its value 18 months earlier, according to the company.
It aims to change a system where hospitals can earn more by providing extra tests, procedures or longer stays, even when patients may not need them.
Even says it puts patient care ahead of unnecessary treatment and pays doctors fixed salaries rather than linking their pay to the number of procedures they perform.
After concerns about care at partner hospitals, the company began building and running hospitals of its own to have more control over treatment and costs.
Even has opened two hospitals in Bengaluru, and its co-founder says both reached operating profitability, excluding depreciation, within a year.
The funding will support five more Bengaluru hospitals over the next six months, while the company also works with insurers on a model that could reward it for preventing hospital stays.
Even Healthcare raised $50 million in a Series B round led by Khosla Ventures, with participation from Alpha Wave.
The Bengaluru-based startup plans to use the funding mainly to expand its hospital network in the city.
Even currently operates two hospitals and aims to add more before expanding to other cities.
The company is scaling back its insurance business as it shifts towards a hospital-led healthcare model.
Reports differ on the expansion schedule: Inc42 says four new hospitals by the end of FY27, while TechCrunch and ANSA report five within six months.
- Who
- Even Healthcare raised the funding. Khosla Ventures led the round, with participation from Alpha Wave.
- What
- The startup raised $50 million in a Series B round to expand its hospital network.
- When
- The funding was reported on October 19, 2026.
- Where
- Bengaluru, India. The planned expansion is focused on the city.
- Why
- Even said the funding will support its hospital expansion as it strengthens its presence in Bengaluru.
This story does not have two clearly opposing sides.
Even Healthcare was founded in Bengaluru.
Khosla Ventures invested in Even from its seed round, according to TechCrunch.
Even raised $20 million, according to Inc42.
Even announced a $50 million Series B round led by Khosla Ventures.
Even plans to open another Bengaluru hospital, according to Inc42.
- Series B funding
- $50 million
- Lead investor
- Khosla Ventures
- Other named participant
- Alpha Wave
- Current hospital network
- Two facilities in Bengaluru
- Total funding
- More than $120 million
- Valuation
- $300 million, according to TechCrunch
4 sources
Even Healthcare Raises $50 Mn To Expand Hospital Network Across Bengaluru
Even Healthcare, round da 50 milioni di dollari per cinque nuovi ospedali in India
Even Healthcare raises $50M in Series B round led by Khosla Ventures
Khosla Ventures doubles down on Even Healthcare to challenge India’s hospital economics
What people are saying
We want to make sure that Bengaluru patients and members are pretty well served
We think patients are getting not only a bad experience, but insurers are getting a bad economic deal. And as a result, we decided to fix it by building our own hospitals
The clinical and economic results so far give us conviction that this can become an important new model for healthcare in India and beyond