Even Healthcare, a managed care provider located in Bengaluru, has secured $20 million in a new investment round headed by current investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures.

Key Highlights

• Even Healthcare raised $20 million from existing investors like Lachy Groom and Alpha Wave to expand. 
• The funding will support scaling its managed-care hospitals in Bengaluru and strengthen integrated healthcare services.

Even Healthcare raised $30 million in a Series A fundraising round in October 2024, and this latest round comes within 15 months.

The company's worth has more than doubled in the last year, and with this round, its total capital has surpassed $70 million.

The money raised will be utilized to scale Even Healthcare's managed-care hospital concept and increase its hospital footprint in Bengaluru. 

Even Healthcare was established in 2020 and uses a membership-based business model that combines hospital, diagnostic, and primary care services.

In contrast to conventional hospital systems, Even's strategy prioritizes patient recovery and continuity of care over increasing admissions and length of stay. Care teams are still responsible for consultations, diagnosis, hospital stays, and at-home recuperation after discharge.

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In addition to the fundraising, Even reported that within six months of opening, its first hospital reached operating break-even. Even states that since opening its first hospital in May 2025, it has monitored results throughout its network, including over 200 hospitalizations saved through monitored home recovery, zero post-operative infections in the cohort, and no unscheduled 30-day readmissions across over 350 procedures. Compared to similar situations, the average length of hospital stay was observed to be about 40% shorter.