Newsletter
Even Healthcare has raised $20 million led by existing investors Lachy Groom and Alpha Wave.
The Bengaluru-based company offers a subscription-based healthcare model with unlimited consultations, diagnostics, specialist access, and insurance, focusing on continuous care and recovery rather than hospital admissions.
The why: the proceeds will be used to expand Even Healthcare’s hospital footprint in Bengaluru and scale its existing model.
Background: the fresh funding comes within 15 months of its $30 million Series A in October 2024, taking total funding to $70 million and more than doubling its valuation in a year.
Big picture: rapid digital adoption, rising incomes, and an overstretched healthcare system are driving demand for digital health in India, where the doctor-to-patient ratio is nearly 30% below WHO norms.
The market is set to grow to $106.97 billion by 2033 at a rate of 25.12%, aided by government initiatives like the Ayushman Bharat Digital Mission.
Grand View Research
