Even Healthcare Raises $20 Million To Expand Hospital Network

Even Healthcare, a healthcare company based out of Bengaluru that offers comprehensive

health covers for individuals and businesses, led by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, has secured $20 Mn (INR 180.5 Cr) in a fresh funding round from existing investors like Lachy Groom and Alpha Wave, as well as new investor Sharrp Ventures, among others.

The startup plans to use the new capital to expand its hospital presence in Bengaluru following the launch of its first facility in May 2025, while also scaling its managed care services business. Total funding raised now stands at $70 million. The previous $30 million Series A round was secured in September 2024 from investors including Khosla Ventures, Founders Fund, and 8VC.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers subscription-based healthcare with unlimited doctor consultations, diagnostics, and medical guidance for a monthly or annual fee.

Positioned as a proactive health partner rather than traditional insurance, the model focuses on early care and prevention, with insurance available as an add-on for emergencies.

Even Healthcare also established its first hospital in Bengaluru in 2025, reporting operational break-even within six months, a notably rapid milestone by industry standards, where hospitals often take two to three years to reach that stage, according to cofounder Mayank Banerjee. Amid persistent gaps in India’s healthcare ecosystem, investment in tech-enabled healthcare companies has accelerated since COVID-19.

Healthcare startup deal activity rose 37% in 2025, while total funding increased 4.1% to $746 million. A key trend has been the expansion of chronic and preventive care platforms beyond metro cities, with players such as Alyve Health and Onsurity offering personalized digital health plans, particularly for corporate customers.