Even Healthcare Raises $50 Million and Plans Five Hospitals
India's Even Healthcare has raised $50 million in a Series B round at a $300 million valuation led by Khosla Ventures, and plans five new hospitals.
Bengaluru-based Even Healthcare has raised $50 million in an all-equity Series B funding round at a valuation of $300 million, led by Khosla Ventures with participation from Alpha Wave, according to TechCrunch.
The company plans to open five additional hospitals within six months.
FY2025 results showed a net loss of 902 million Indian rupees against revenues of 272 million rupees, according to the source.
The funding sets the company up for expansion in the Indian hospital market, where new models need to balance rapid growth with operating losses.
What do these terms mean?
Series B: A funding round following Series A, typically used to scale operations and enter new markets.
All-equity financing: Raising capital by selling company shares without taking on new debt.
Net loss: The negative difference between revenues and expenses after accounting for taxes and non-operating items.
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