Healthtech Startup Even Secures $15 Mn Funding From Alpha Wave, Lightrock, Others
Summary
Even said that including the current fundraising, it has secured $20 Mn in aggregate The startup informed that its subscription-based platform gives users access to a set of doctors and diagnostic tests. It also offers INR 1 Cr worth hospital covers to consumers Its cap table includes Khosla Ventures, Founders Fund, Lachy Groom, Palo Alto Networks Nikesh Arora, CREDs Kunal Shah, and DST Globals Tom Stafford, among othersHealthcare startup Even has secured $15 Mn in a fresh funding round led by Alpha Wave and Aspadas Lightrock.Even said that including the current fundraising, it has secured $20 Mn in aggregate.Founded in 2020 by Mayank Banerjee, Matilde Giglio and Alessandro Ialongo, Even is a full-stack healthcare startup. It also offers a hospitalisation cover to consumers of up to INR 1 Cr.Even is a revolutionary model that integrates care delivery and financing, ensuring that members make the best health decisions for themselves with the support of high-quality doctors incentivized to deliver patient outcomes, said Tejasvi Ravi, healthcare lead at Lightrock India.Even said that every customer gets a personal healthcare team including doctors, specialists and healthcare managers that helps dealing with specific diseases, and elective health issues such as quitting smoking and alcohol, etc, and even such services are extended during emergency situations.Explaining its processes, Even said that the startup builds primary healthcare programs through internationally-accepted protocols to improve clinical outcomes. Comorbidities like diabetes, high cholesterol, high BP and obesity are quite common in India and are uncontrolled due to reluctance in visiting a doctor and not getting health checks, said Matilde Giglio, cofounder of Even.Even plans to use funds to scale its team of doctors that are helping cure comorbidities such as diabetes, PCOS and obesity. It claims to have a base of 20K+ customers.In 2021, Even secured $5 Mn in its seed funding round.Its cap table includes Khosla Ventures, Founders Fund, Lachy Groom, Palo Alto Networks Nikesh Arora, CREDs Kunal Shah, and DST Globals Tom Stafford, among others.According to an Inc42 report, the overall Indian healthtech market is estimated to become a $21 Bn space by 2025.