Even

Even Healthcare is a managed care provider headquartered in Bengaluru, India, that operates on a subscription-based model. The company was founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo. Banerjee's personal experience with the financial strain of a relative's cancer treatment inspired the creation of a more equitable and accessible healthcare system, which is reflected in the company's name, "Even". Before starting Even, the co-founders had collaborated on other technology ventures.

Even's business model is designed to realign healthcare incentives, shifting the focus from the volume of procedures to patient health outcomes. The company offers membership plans that provide unlimited doctor consultations, diagnostic tests, personalized care programs, and cashless hospitalization coverage through partner insurers. Its subsidiary, Euston Insurance Advisors Pvt Ltd, is a corporate agent licensed with India's Insurance Regulatory and Development Authority (IRDAI), facilitating optional group insurance covers. This integrated "payvider" (payer + provider) approach targets both individual (B2C) and corporate (B2B) clients, aiming to reduce hospitalization risks through proactive and managed care.

Initially a digital-first platform, Even has expanded into physical infrastructure. In May 2025, it launched its first 70-bed multi-specialty hospital in Bengaluru, where doctors are salaried and evaluated based on clinical outcomes. This facility reportedly reached operational break-even within six months. As of early 2026, the company's network included multiple clinics and over 100 partner hospitals. Even has announced plans to expand its owned-hospital network to 25 facilities within the next three years and establish a second hospital in Bengaluru by mid-2026.

The company has secured significant venture capital, raising approximately $80 million in total funding as of early 2026. Key funding rounds include a $5 million seed round in 2021 led by Khosla Ventures, a $15 million round in 2022, a $30 million Series A in October 2024, and a $20 million round in early 2026 with participation from investors like Alpha Wave Global, Lachy Groom, Founders Fund, and 8VC. This capital is being used to expand its hospital footprint, enhance its managed-care model, and integrate advanced digital health technologies.

Keywords: managed healthcare, subscription healthcare, preventive care, health-tech, integrated care provider, cashless hospitalization, outpatient care, diagnostic services, Indian healthcare market, Bengaluru startup, primary care, digital health, hospital network, venture capital, payvider model, chronic disease management, telemedicine, clinical outcomes, patient-centric care, healthcare financing, Even Healthcare, Mayank Banerjee, Matilde Giglio, Alessandro Ialongo