Khosla Ventures Backs Even Healthcare to Transform Indian Hospitals
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Original source:techcrunch.com
Key Takeaways
- Even Healthcare raised fifty million dollars in a funding round led by Khosla Ventures.
- The startup reaches a valuation of three hundred million dollars amid rapid growth.
- Physicians receive fixed salaries to prevent unnecessary medical testing and treatments.
- The enterprise plans to open five additional facilities in Bengaluru over the coming months.
Indian medical startup Even Healthcare has secured a massive fifty million dollar investment led by Khosla Ventures, elevating its overall worth to three hundred million dollars. The company aims to upend traditional hospital business models in South Asia by addressing financial incentives that often encourage excessive medical procedures.
To ensure proper care, Even operates its own facilities where physicians receive fixed salaries rather than bonuses tied to the quantity of tests ordered. Despite reporting a net loss during the previous fiscal period and undergoing recent workforce reductions, the enterprise continues expanding its unique model across southern regions.
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