Khaitan & Co Advises Khosla Ventures and 8VC on Investment to Support Expansion of Healthcare Services
Even Healthcare Private Limited has successfully raised $30 million in a Series A funding round, led by Khosla Ventures, with additional participation from 8VC, Founders Fund, Lachy Groom, and other investors.
This latest round brings the company’s total funding to $50 million.
Khaitan & Co acted as legal advisor to lead investors Khosla Ventures and 8VC in this transaction. The legal team was led by Partner Sharad Moudgal, with support from Counsel Hardik Bhatia, Senior Associate Shreyas Bapat, and Associates Aditya Arunkumar and Insaf Ahamad T K.
Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare provides its members with free consultations, diagnostic tests, and cashless hospitalizations through an in-house clinical team, a network of clinics, and insurance partnerships. The company has rapidly grown its membership base to hundreds of thousands, generating $28 million in revenue within just 1.5 years of operation.
The newly raised funds will be used to launch hospital operations and scale the company’s patient care services. Even Healthcare plans to open three secondary-care hospitals in Bengaluru, implementing a “payvider” model that combines risk profiling, managed care, and inpatient services to enhance its healthcare offerings.
