Healthcare startup Even Healthcare has raised Rs 169 crore (approximately $20 million) in a new round led by Khosla Ventures. The new funding for the Bengaluru-based firm has come after a gap of 20 months.

The board at Even has passed a resolution to issue 2,17,589 preference shares at an issue price of Rs 7,762 each to raise Rs 169 crore or $20 million, its filing sourced from the Registrar of Companies shows.

Khosla Ventures led the round with Rs 83.4 crore or $10 million while Pathfinder and Mercury Fund invested Rs 21.3 crore and 26.9 crore. The rest amount is funded by Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter fintech, and others.

The company has been valued at around Rs 753 crore or $91 million post-allotment.

The firm offers subscription-based plans to cover diagnostics, consultations, and hospitalization costs of up to Rs 50 lakh. According to the company, it only partners with those hospitals that guarantee the care of its members in exchange for a recurring payment. It also offers personalized managed care programs and provides Even cards which can be used to pay bills at its partner hospitals and labs. Even claims to have an advantage over medical insurance as it provides unlimited OPD consultations and diagnostics.

Even healthcare has raised approximately $40 million to date, including $15 million from Alpha Wave and Aspada in November 2022, and an initial $5 million in seed capital led by Khosla Ventures in 2021.

visit: gamicaltech.com even healthcare