PE-VC Fund Investments
Health-fintech startup Even raises $20-M from Lachy Groom, Alpha Wave, Sharrp Ventures
Bengaluru-based Even Healthcare has raised USD 20 million (approximately INR 180 crore) from existing backers Lachy Groom (US-based fintech founder) and Alpha Wave Global, with participation from Sharrp Ventures.Launched in 2020, Even Healthcare operates a membership model that provides consultations, diagnostic tests, and cashless hospitalisation. The company, which is also backed by Khosla Ventures and the Founders Fund, plans to use the capital to expand its hospital footprint in Bengaluru and scale its managed-care model.Even Healthcare aims to develop an alternative to India's traditional healthcare system by focusing on preventive care to reduce the need for hospitalisation. The company opened a hospital in Bengaluru in July 2025, integrating primary, preventive, and hospitalisation care, and achieved operational break-even within six months. In the last year, the startup reported a 50% reduction in post-surgery readmissions, over 5,000 outpatient department visits, avoided over 200 hospitalisations through monitored at-home recovery, and cut the average length of hospital stay by 40%.
Between 2021 and 2024, Even had attracted about USD 50 M from PE-VC investors including 8VC, Founders Fund, Khosla Ventures, Rainmatter Capital, Trifecta Capital, Alpha Wave Global, Lightrock India, Shastra VC and others.
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