Khaitan & Co acts on Even Healthcare $30 million Series A fundraise

Khaitan & Co acted on Even Healthcare Private Limited' $30 million Series A fundraise led by Khosla Ventures.

The fundraise also saw participation from 8VC, Founders Fund, Lachy Groom and other investors

Khaitan & Co advised Khosla Ventures and 8VC in their investment in Even Healthcare.

The transaction team consisted of Sharad Moudgal (Partner), Hardik Bhatia (Counsel), Shreyas Bapat (Senior Associate), Aditya Arunkumar (Associate) and Insaf Ahamad T K (Associate).

Even Healthcare has raised a total of$50 million, with the latest round. The funds are expected to be used for launching hospital operations and scaling patient care processes.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, the company provides members with free consultations, diagnostic tests, and cashless hospitalizations through an in-house clinical team, a network of owned and partner clinics, and insurance collaborations.

Even Healthcare, with 300 employees, has grown its membership to hundreds of thousands and generated $28 million in revenue within 1.5 years of launch. Members pay ₹4,800 annually for unlimited consultations, covering episodic care, lifestyle management, and chronic conditions, with optional health insurance for hospital coverage. The company plans to open three secondary-care hospitals in Bengaluru to implement a “payvider” model, integrating risk profiling, managed care, and inpatient services to expand its healthcare offerings.

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