Khosla Ventures doubles down on Even Healthcare to challenge India's hospital economics

Even Healthcare, an India-focused hospital operator, has raised $50 million in a Series B led by Khosla Ventures, bringing its total capital raised to more than $120 million. The all-equity round also included Alpha Wave and valued Even at $300 million—triple its valuation from 18 months earlier. The funding supports Even’s push to change how hospitals profit and how doctors are paid in a system where additional tests, procedures, and longer stays can drive revenue even when unnecessary. Even says it instead prioritizes patient care. Khosla Ventures is also doubling down as Even builds and operates hospitals of its own, including two in Bengaluru, with plans for five more in the city over the next six months.