Even raises $22M Series B led by Khosla, valuing it at $300M
What's the deal? Bengaluru-based Even HealthcareDealroom has a profile for this one. Try Dealroom → is raising US$28.3M in a Series B round led by Khosla Ventures. The company's board passed a resolution to issue 191,228 compulsorily convertible preference shares at US$147.9 each, according to regulatory filings.
Who's in? Khosla Ventures anchored the round with US$19.7M. DLB Ventures added US$5.28M and Simon FiduciariaDealroom has a profile for this one. Try Dealroom → US$3.08M, while ADBEEV LLP and Better CapitalDealroom has a profile for this one. Try Dealroom → each put in US$135.8K.
What does Even do? Founded in 2020, Even runs a membership-based healthcare model. Members get primary care, diagnostics, and hospital services through one subscription, with care teams following patients from consultation through post-discharge recovery. Mayank Banerjee is co-founder and chief executive.
Why now? This is Even's second raise in 2026, following a $20 million round in January led by Lachy Groom and Alpha WaveDealroom has a profile for this one. Try Dealroom →. Khosla has backed the company since its $5 million seed round in 2021. Entrackr estimates the new round values Even at about $300 million, nearly double its January valuation.
By the numbers. Even's revenue grew more than four times to US$3.45M in FY25, up from US$847.4K. But its FY25 loss widened 24.5% to US$12.2M, from US$9.83M — meaning Even lost about US$0.05 for every US$0.01 it earned.
What could go wrong? Losses are rising alongside revenue, and the filed round came in well below the roughly $50 million a July Mint report said Even was seeking. A raise landing at under half its rumoured size can signal the market pushed back on price.
The signal: At $22 million, Even's Series B sits in the 32nd percentile by deal size — a modest raise for a company doubling its valuation. The gap between the rumoured and filed amounts, paired with steep burn, will make Even's forthcoming FY26 numbers the figure to watch.
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