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Even Healthcare raises $15 million from Alpha Wave, Lightrock

In a statement, the healthtech startup said it will use the new capital to strengthen its clinical team of doctors to scale its preventive care for comorbidities like diabetes, PCOS and obesity.

November 11, 2022 / 02:20 PM IST

Even Healthcare, a subscription-based personalised healthcare startup, on November 11, raised $15 million from new investors including Alpha Wave and Lightrock.

In a statement, the healthtech startup said it will use the new capital to strengthen its clinical team of doctors to scale its preventive care for comorbidities like diabetes, PCOS, obesity, and so on.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even is a full-stack healthcare provider which works with members across consultations to hospitalisations, with an emphasis on preventive and individualised care.

“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,” said Giglio, who is also the chief executive officer (CEO) of Even Healthcare.

Based in Bengaluru, Even said it builds primary care programmes as per global protocols to improve clinical outcomes. The company also claims to reduce OPD (out-patient department) costs.

“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 incentivised to deliver patient outcomes,” said Tejasvi Ravi, Healthcare lead at Lightrock India.

Earlier, the company had raised $5 million in its seed round from investors such as Khosla Ventures, Founders Fund, Lachy Groom, Palo Alto Networks CEO Nikesh Arora, CRED CEO Kunal Shah, and DST Global partner Tom Stafford.
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Moneycontrol News
first published: Nov 11, 2022 02:20 pm