Bengaluru-based Even Healthcare is in talks to raise $50 million, valuing the startup at around $300 million, up from $153 million in January, according to the Economic Times.
Even is doubling down on an integrated payer-provider model, combining insurance, primary care and hospitals under one platform, a strategy rarely seen in India’s fragmented healthcare system.
Revenue jumped from ₹8.3 crore (nearly $0.8 million) in FY24 to ₹27.2 crore (nearly $2.8 million) in FY25, but losses also widened, from ₹72.4 crore (nearly $7.5 million) to ₹90.2 crore (nearly $9.4 million) over the same period, highlighting the high cost of building an integrated healthcare network.
Every year, 60 million Indian families are pushed into poverty by medical bills. Not by catastrophic illness alone by the accumulated cost of consultations, tests, and hospital stays that a fragmented, largely uninsured system hands to patients with no warning and no ceiling. Matilde Giglio learned this working on a political campaign in India. She decided it was the problem worth her career.
Giglio is a 33-year-old Italian entrepreneur from Rome who studied at LUISS and the London School of Economics, worked in venture capital at Hambro Perks in London, and then moved to Bengaluru in 2021 to co-found Even Healthcare. The company is now in talks to raise $50 million at a $300 million valuation, led by Khosla Ventures, which contributed $30 million, with existing investors taking the remaining $20 million. That valuation is nearly double the $153 million Even was worth in January 2026. Total funding to date stands at roughly $120 million.
