India, Oct. 19 -- Bengaluru-based managed care startup Even Healthcare has raised $50 Mn (about Rs.475 Cr) in a Series B funding round led by existing investor Khosla Ventures, with participation from Alpha Wave.

The all-equity primary round takes its total funding to over $120 Mn, the startup said in a statement.

Even will use the proceeds primarily to expand its hospital network in Bengaluru. It plans to open another hospital by the end of 2026, followed by three more by the end of FY27. It currently operates two multispeciality hospitals on Race Course Road and in HBR Layout.

The startup plans to enter other cities after strengthening its Bengaluru presence. "We want to make sure that Bengaluru patients and members are pretty well s...