Even Healthcare Raises Funding From Alpha Wave, Aspada

Even Healthcare, a Bengaluru-based healthtech startup, has raised $15 million (around Rs 123 crore) from Alpha Wave and Aspada (Lightrock).

With the funding, Even Healthcare looks to expand personalized and preventive care in India. The healthcare startup is looking to strengthen its clinical team of highly experienced doctors to scale its preventive care for India’s growing comorbidities like diabetes, PCOS, and obesity, among others.

Even Healthcare | Managed Healthcare Plans

Founded by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even is a Bengaluru-based healthtech startup that offers free primary care (consultations and diagnostics) plus a cashless insurance cover to patients. 

The startup offers managed care plans with an option to enrol for a group insurance cover with its IRDAI-licensed insurance partners. It partners with the best hospitals in India to give members unlimited access to consultations, diagnostics and tertiary care.

Speaking about the platform, Matilde Giglio, Co-founder of Even, said,

“Upon onboarding and throughout a member’s journey, our doctors collect and study important information about members’ health and suggest ways to mitigate risks. Comorbidities like diabetes, high cholesterol, high BP, and obesity are quite common in India and are often uncontrolled due to reluctance in visiting a doctor and not getting health checks unless there are symptoms.”

Founders of Even Healthcare

The platform started with a vision to simplify healthcare in India, which poses unique challenges such as lower penetration of health insurance and fee-for-service care that puts a disproportionate financial burden on people. 

As per the startup, it is building primary care programs using globally vetted protocols to improve clinical outcomes, helping it reduce OPD (outpatient department) costs and IPD (inpatient department) costs.

The Bengaluru-based healthtech startup is also backed by Founders Fund, Khosla Ventures, Lachy Groom, Palo Alto Networks chief Nikesh Arora, Cred CEO Kunal Shah, and DST Global partner Tom Stafford.  

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