Even Healthcare raises $50 million to expand Bengaluru hospitals

Even Healthcare has raised $50 million in an all-equity Series B led by Khosla Ventures, with participation from Alpha Wave, TechCrunch reports. The Indian startup says the round values it at $300 million, triple its valuation 18 months ago, and brings total funding to more than $120 million. Co-founder Mayank Banerjee said the money will fund five more Bengaluru hospitals over the next six months. Even leases buildings on 20-year agreements and pays doctors fixed salaries, with possible bonuses tied to patient-reported outcomes. Banerjee said its two existing hospitals reached operational profitability excluding depreciation within a year, but regulatory filings show the company lost ₹902 million on revenue of ₹272 million in fiscal 2025.