Even Healthcare secures $20 million funding, hits break even in six months

Even Healthcare has raised $20 million in contemporary funding to broaden its managed-care hospital community in Bengaluru, the corporate stated on Monday, whereas additionally reporting that its first hospital achieved working break-even in underneath six months of launch.

The funding spherical was led by present traders Lachy Groom and Alpha Wave, with participation from new investor Sharrp Ventures. With this spherical, Even Healthcare’s whole funding has reached $70 million, and the corporate’s valuation has greater than doubled over the previous yr.

The Bengaluru-based healthcare startup stated the capital can be used to scale its hospital footprint and strengthen its managed-care mannequin, which focuses on affected person restoration and outcomes slightly than maximising hospital utilisation. The mannequin integrates care throughout the affected person journey, together with 24/7 teleconsultations, diagnostics, hospitalisation when required, and monitored restoration at residence, geared toward lowering avoidable admissions and problems.

Alongside the fundraising, Even Healthcare stated its first hospital reached working break-even in lower than six months — a timeline considerably shorter than the business common of two to a few years.

Commenting on the milestone, Mayank Banerjee, co-founder of Even Healthcare, stated the corporate’s mannequin is designed to scale back pointless admissions, extended hospital stays and avoidable return visits, whereas sustaining sustainable economics.

“We’re happy with that milestone as a result of it’s quick by hospital requirements – many hospitals take 2 to three years to achieve working break-even. What issues much more is how we acquired there: Even’s mannequin is structurally designed to scale back what many hospitals are paid to maximise – pointless admissions, lengthy stays, and avoidable return visits. This tells us you’ll be able to construct a hospital that retains individuals more healthy, places sufferers first, and nonetheless run a powerful enterprise,” Banerjee stated. 

Investor Lachy Groom stated Even’s potential to mix early profitability with improved scientific outcomes demonstrates that managed care can scale with out compromising high quality.

The corporate additionally launched early efficiency information from a tracked affected person cohort throughout its care community. It reported zero unplanned 30-day readmissions throughout greater than 350 surgical procedures, no post-operative infections within the cohort, and over 200 averted hospitalisations by way of monitored at-home restoration pathways. Even stated the typical size of hospital keep was at the least 40% shorter than comparable settings for related therapies.

Over the previous yr, Even Healthcare has reported a discount in post-surgery readmissions, accomplished its first ESOP buyback, launched its first hospital in Bengaluru in Could 2025, and achieved a 92% on-line income retention price by September 2025.

Based in 2020, Even Healthcare operates a membership-based managed-care mannequin providing consultations, diagnostics and cashless hospitalisation by way of a vertically built-in system.