Khosla Ventures doubles down on Even Healthcare to challenge India’s hospital economics
Even Healthcare has raised $50 million in a Series B round led by Khosla Ventures to build its own hospitals in India. The startup aims to shift the healthcare model from volume-based procedures to outcome-based care.
Why it matters
This model challenges the traditional Indian hospital incentive structure that often prioritizes unnecessary tests and procedures.
Even Healthcare has raised $50 million in a funding round led by Khosla Ventures, as the Indian startup seeks to change how hospitals in the world’s most populous country make money and how doctors are rewarded.
The all-equity Series B round also saw participation from Alpha Wave and valued it at $300 million, triple its valuation 18 months ago, according to Even. The latest funding brings Even’s total capital raised to more than $120 million.
Hospitals in India typically earn more when patients undergo additional tests, procedures, or longer stays, even when they may not need them. Even wants to change that by focusing on patient care rather than pushing unnecessary treatments that drive up medical bills.
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