# Even Healthcare Secures $50 Million to Expand Bengaluru Hospital Network Managed healthcare startup targets five-hospital footprint by 2027 to integrate insurance and care. - **Source:** [mint - companies](https://www.livemint.com/rss/companies) - **Published:** 2026-10-19 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/58fcc447-7e0b-437a-b648-325876a461de ## Series B Funding Milestone Even Healthcare raised $50 million in a Series B round led by US-based Khosla Ventures, with participation from Alpha Wave. This latest infusion brings the company's total funding to approximately $136 million. The startup, which was valued at around $400 million, plans to utilize the capital primarily for physical hospital infrastructure expansion. ## Strategic Bengaluru Expansion The company currently operates two hospitals in Bengaluru, with a third facility under development. CEO Mayank Banerjee aims to establish a network of five hospitals by the first or second quarter of 2027. This geographic strategy ensures that no resident in the city remains more than 5 kilometers from a facility. ## Financial Performance Overview Even Healthcare reported revenue growth to $3.2 million in FY25, rising from $1 million in FY24. Despite this top-line expansion, the company's losses widened from $8.7 million to $10.7 million during the same period. These figures reflect the high capital expenditure required for building out a proprietary network of physical healthcare assets. ## Integrated Care Model The startup combines telemedicine, clinics, and hospitals to minimize unnecessary hospital visits. By aligning insurance coverage with preventive care, the model seeks to reduce claim frequency and lower payouts. This integrated approach aims to mitigate the rising pressure on health insurance premiums, which are projected to grow annually by 13-15%. ## Operational Service Specialization While each hospital will specialize in specific medical disciplines, every facility is designed to handle 95% of general patient cases. Complex procedures, such as specific types of transplants, will be centralized at designated locations. This hub-and-spoke model balances local accessibility for common treatments with high-level clinical expertise for specialized medical interventions. ## Competitive Market Landscape Even Healthcare faces competition from established players like Narayana Health, which recently entered the insurance space. Additionally, PB Health, backed by PB Fintech, has announced plans to invest ₹10,000 crore to build 500 hospitals across 50 cities. These firms are collectively shifting away from traditional fee-for-service models toward preventive care. ## Industry Alignment Challenges Market participants are betting that aligning financial incentives between insurers and hospitals will reduce systemic friction. However, the transition remains capital-intensive and operationally complex. Narayana Health, for instance, noted that its insurance book remains small and experienced increased losses in Q1 FY27 due to a surge in large claims. ## Future Strategic Outlook The success of the integrated healthcare model depends on balancing rapid infrastructure growth with fiscal sustainability. As startups like Even Healthcare scale, they must prove that preventive care can effectively lower long-term insurance costs. The next two years will be critical as the company attempts to reach its five-hospital target. ## Sources covering this story - https://www.livemint.com/companies/news/even-healthcare-raises-50-million-khosla-ventures-hospital-expansion-health-insurance-11792374713402.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._