Business · India Bureau
Even Healthcare secures $50 million in Series B funding round
The managed care provider has raised $50 million in a Khosla Ventures-led Series B round, bringing its total funding past $120 million. The company plans to accelerate expansion with five new hospitals across Bengaluru within six months.
LSN India ·
Even Healthcare, a managed care company operating in India's healthcare sector, has closed a $50 million Series B funding round led by Khosla Ventures, the company announced. The latest capital injection triples the startup's valuation from its previous fundraising round, demonstrating investor confidence in its business model and growth trajectory.
The funding milestone brings Even Healthcare's cumulative capital raised to over $120 million, positioning it among well-funded healthcare startups in the region. The company plans to deploy a significant portion of the fresh capital toward geographic expansion, with five new hospital facilities set to launch across Bengaluru within the next six months.
The expansion strategy reflects Even Healthcare's focus on scaling its managed care operations and increasing its footprint in India's rapidly growing healthcare market. By establishing additional facilities in Bengaluru, a major hub for healthcare innovation and services, the company aims to strengthen its service delivery capabilities and reach a broader patient base.
Khosla Ventures' participation in the funding round underscores the venture capital community's interest in India's healthcare sector, which has seen accelerating investment as digital health platforms and managed care models gain traction. The funding comes amid growing demand for quality healthcare services and innovative delivery models across urban centers in India.