Even Healthcare
 | |
| Industry | Healthcare |
|---|---|
| Founded | 2020 |
| Founders | Mayank Banerjee Matilde Giglio Alessandro Ialongo |
| Headquarters | Bengaluru, Karnataka |
Key people | Mayank Banerjee (CEO); Matilde Giglio (COO) |
Even Healthcare is a managed healthcare company headquartered in Bengaluru, Karnataka.[1] Founded in 2020, the company provides subscription-based primary and secondary healthcare services through a network of its own clinics, hospitals, and partner facilities.[2][3][4] In 2025, Even expanded into hospital operations with the launch of its first multi-speciality facility in central Bengaluru.[5][6][7]
History
[edit]Even Healthcare was established in 2020 in Bengaluru by Mayank Banerjee,[8] Matilde Giglio,[9][10] and Alessandro Ialongo.[11][12][13] Banerjee and Giglio had previously worked together on entrepreneurial ventures in the UK and United States before moving their focus to India's healthcare sector.[14][15]
The company secured its initial seed funding of $5 million in 2021 led by Khosla Ventures with participation from Founders Fund. Subsequent funding rounds in 2022 and 2024 involved Alpha Wave, Aspada, DST Global, 8 Vc, and others. A US$30 million Series A round completed in October 2024 brought total funding to about US$60 million.[16] In January 2023, the company formed a medical advisory board to define clinical protocols.[17] The following year, it conducted a $500,000 ESOP buyback.[18] By mid-2025, according to The Economic Times, Even operated six clinics in Bengaluru and maintained partnerships with over 100 hospitals. The company expanded into direct hospital operations in July 2025 with the launch of a 70-bed multi-speciality facility in central Bengaluru, with reported plans to establish more facilities in other major Indian cities.[19]
Operations and model
[edit]Even Healthcare operates on a managed care model. It initially focused on a digital-first platform for preventive and primary care before shifting to an integrated model that includes its own hospitals.[20][21] The company coordinates patient care through its in-house medical staff.[22]
Funding
[edit]Even raised US$5 million in seed funding in 2021, led by Khosla Ventures with participation from Founders Fund and other investors. In August 2024, the company secured US$20 million in additional funding, also led by Khosla Ventures. A US$30 million Series A round followed in October 2024, led again by Khosla Ventures with participation from Founders Fund, 8VC, and Lachy Groom. These rounds brought the company's total funding to approximately US$60 million.[23][24]
See also
[edit]References
[edit]- ^ Ramasubramanian, Sowmya (8 November 2024). "Even Healthcare's hospital push: Filling India's secondary care gap". mint. Retrieved 23 October 2025.
- ^ Rocco, Gabriella (24 October 2024). "Il successo in India di Even, la startup di Matilde Giglio: 30 milioni per ridefinire il sistema sanitario". la Repubblica (in Italian). Retrieved 23 October 2025.
- ^ Chioda, Eleonora (19 November 2023). "Matilde Giglio, la millennial che vuole salvare l'India". la Repubblica (in Italian). Retrieved 23 October 2025.
- ^ Sharma, Neetu Chandra (11 January 2024). "India's coolest start ups: Meet the founders of EVEN Healthcare - BusinessToday". Business Today. Retrieved 23 October 2025.
- ^ Pasqualotto, Silvia (21 July 2025). "Even Healthcare: la start up fondata da un'italiana apre il primo ospedale in India". Alley Oop (in Italian). Retrieved 23 October 2025.
- ^ "Even Healthcare launches first hospital in Bengaluru to bridge gaps in India's secondary care". Express Healthcare. 16 July 2025. Retrieved 23 October 2025.
- ^ Sharma, Neetu Chandra (23 May 2025). "Even Healthcare bets on outcome linked care, plans 25 hospitals in 3 years - BusinessToday". Business Today. Retrieved 23 October 2025.
- ^ Mam, Veronica (19 December 2023). "Mayank Banerjee, Co-founder of Even.in". Insiders Talk. Retrieved 23 October 2025.
- ^ "We offer unlimited OPD, which is unheard of in traditional healthcare plans: Matilde Giglio". ETHealthworld.com. Retrieved 23 October 2025.
- ^ Anshul (3 July 2025). "Insurance claims delays and rising medical inflation stress India's healthcare system, say experts - CNBC TV18". CNBCTV18. Retrieved 23 October 2025.
- ^ "Matilde Giglio, l'italiana che rende la sanità accessibile a tutti gli indiani". la Repubblica (in Italian). 8 September 2024. Retrieved 23 October 2025.
- ^ Akhtar, Shahid. "With a lot of data flowing in to train the powerful AI and ML models, we will need a good data security framework: Alessandro Davide Ialongo, Co-founder, Even Healthcare". ETHealthworld.com. Retrieved 23 October 2025.
- ^ Rajan, Arunima (17 April 2025). "Keeping People Out of Hospital: Even Healthcare's Bet on Managed Care in India". Healthcare Executive. Retrieved 23 October 2025.
- ^ "The millennial news app saving democracy one bullet point at a time". The Independent. 14 May 2018. Retrieved 23 October 2025.
- ^ "The new app backed by Hambro Perks 'eliminating fake news' for millennials". Bdaily Business News. 30 August 2018. Retrieved 23 October 2025.
- ^ "Managed healthcare provider Even Healthcare raises $30 million from Khosla Ventures". ETtech (The Economic Times). 23 October 2024. Retrieved 23 October 2025.
- ^ "Even Healthcare sets up a medical board to strengthen its clinical protocols". ETHealthworld. 19 January 2023. Retrieved 23 October 2025.
- ^ L, Krithika K. (11 March 2025). "Khosla Ventures-Backed Even Healthcare Launches First ESOP Buyback". Inc42 Media. Retrieved 23 October 2025.
- ^ "Health startup Even aims to be profitable by '24". The Financial Express. 1 November 2023. Retrieved 23 October 2025.
- ^ Chiariello, Paolo (28 September 2023). "Donne italiane alla guida dell'innovazione globale: storie di successo dalla Italian Tech Week di Torino". Fortune Italia (in Italian). Retrieved 23 October 2025.
- ^ "Even Healthcare bets big on hospital expansion, targets 25 facilities in 36 months". Moneycontrol. 17 June 2025. Retrieved 23 October 2025.
- ^ Schippert, Ana Carla S. P.; Grov, Ellen Karine; Dahl-Michelsen, Tone; Silvola, Juha; Sparboe-Nilsen, Bente; Danielsen, Stein Ove; Lie, Irene; Bjørnnes, Ann Kristin. "Re-traumatization of torture survivors during treatment in somatic healthcare services: A mapping review and appraisal of literature presenting clinical guidelines and recommendations to prevent re-traumatization". Social Science & Medicine (1982). 323 115775. doi:10.1016/j.socscimed.2023.115775. hdl:10852/101682. ISSN 1873-5347. PMID 36934529.
- ^ Suvarna, Anuj (11 November 2022). "Alpha Wave, Aspada, others back healthcare startup Even". mint. Retrieved 23 October 2025.
- ^ "Khosla Ventures-backed Even Healthcare targets fresh funding". VCCircle. Retrieved 23 October 2025.