Even Healthcare raised $30 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, 8VC and Lachy Groom, among others. This funding round brings the company’s total funding to $50 million. The new capital will be used to launch hospital operations and expand patient care and referral processes.

Founded in 2020 by Mayank Banerjee, Matilde Giglio and Alessandro Ialongo, Even Healthcare offers its members unlimited and free consultations, diagnostic tests and cashless hospitalizations through its in-house clinical team, a network of owned and partner clinics and insurance partners.

The startup said it generated $28 million in revenue in about a year and a half after its commercial launch. Members can access unlimited consultations regarding episodic care, lifestyle management and chronic disease treatment for an annual fee of ₹4,800, with the option to add health insurance for hospital coverage.

• Also read: Why having a medical fund is not a substitute for health insurance

Even now plans to open three hospitals focused on secondary care in Bangalore. By bringing hospital operations in-house, Even aims to provide the same control over the patient experience that it achieved with outpatient care, which has led to high customer satisfaction and retention.

Matilde Giglio, co-founder of Even Healthcare commented: “Our health plan has grown aggressively in both the B2B and B2C segments, with a customer retention rate of 95%. This positions us to produce strong results in the future.

“To maintain this momentum, we will continue to invest in our delivery systems, technology and user-friendly products. Expanding our hospital, clinic and diagnostic networks while strengthening our physician team will allow us to reduce medical costs, improve the patient experience and increase the overall value our members receive from health system,” added Alessandro Ialongo, co-founder of Even. Health care.

• Also read: Manipal HealthMap fully acquires iGenetic Diagnostics and targets 200 centers by 2027

Vinod Khosla, Founder, Khosla Ventures, said, “Modernized healthcare is essential in any country. Even brings affordable, high-quality care to one of the world’s largest populations, and we are excited to partner with them as they boldly reinvent healthcare in India.