Even Healthcare raises $50 million at 3x its previous Series A valuation

Indian health startup Even Healthcare has raised $50 million, led by existing investor Khosla Ventures with participation from Alpha Wave, according to The Economic Times. The company plans to expand its hospital network and scale up its managed care model. Co-founder Mayank Banerjee told the newspaper that the round's valuation is 3 times the valuation of its previous Series A, without disclosing a specific figure. Khosla Ventures took part in the company's $5 million seed round in 2021 and has followed on in every round since; Alpha Wave previously co-led, together with Lachy Groom, the second tranche of Even's last $20 million financing.