Even - About the company
Even is a series A company based in Bengaluru (India), founded in 2020 by Matilde Giglio, Mayank Animesh Banerjee and Alessandro Davide Ialongo. It operates as a Provider of health insurance plans with outpatient and hospitalization coverage. Even has raised $72.5M in funding from investors like Khosla Ventures, Lightrock India and Alpha Wave Global, with a current valuation of $*****. The company has 27 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like Navi, Alyve Health and Kenko Health.
Company Details
Provider of health insurance plans with outpatient and hospitalization coverage. It facilitates health insurance policy comparison and selection. It offers coverage for hospitalization, outpatient expenses, and family floater plans. It also provides support throughout the enrolment and claims processes.
- Website
- even.in
- Social
- Email ID
- *****@even.in
- Phone Number
- +91 **********
- Registered Address
- Municipal number 1335, 12th cross (Double road), Binnamangala, 2nd stage Indiranagar, BBMP PID No. 72-4-1335, Ward No. 89, Jogupalya, Bangalore, Indiranagar (Bangalore), Bangalore, Bangalore North, Karnataka, India, 560038
Key Metrics
Founded Year
2020
Location
Bengaluru, India
Stage
Series A
Total Funding
$72.5M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 08, 2026
Investors
Ranked
2nd among 27 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
551 as on Aug 31, 2025
Legal entities associated with Even
Even is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EUSTON INSURANCE ADVISORS PRIVATE LIMITED CIN: U67100KA2019PTC122517 , India, Active | Mar 19, 2019 | $0 - $1M (As on Mar 31, 2025) | - | |
Even Healthcare Private Limited CIN: U85300KA2020PTC207831 , India, Active | Sep 01, 2020 | $1M - $10M (As on Mar 31, 2025) | 679 (As on Mar 01, 2026) |
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Even's funding and investors
Even has raised a total funding of $72.5M over 5 rounds. Its first funding round was on Apr 05, 2021. Its latest funding round was a Series A round on Mar 31, 2025 for $*****. 9 investors participated in its latest round. Even has 44 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Even:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2025 | 8086370 | Series A | 1357298 | 1899155 | 9004064 | 8924489 |
Jun 19, 2024 | 2575959 | Series A | 5167782 | 2254921 | 9136831 | |
Feb 28, 2024 | 1274247 | Seed | 2445175 | 5231812 | 1885538 |
Access funding benchmarks and valuations. Sign up today!View details of Even's funding rounds and investors
Even's founders and board of directors
Founder? Claim ProfileThe founders of Even are Matilde Giglio, Mayank Animesh Banerjee and Alessandro Davide Ialongo. Mayank Animesh Banerjee is the CEO of Even.
Here are the details of Even's key team members:
- Matilde Giglio: Co-Founder of Even and founder of 1 other company. They are also an angel investor in 9 startups.
- Mayank Animesh Banerjee: Co-Founder & CEO of Even and founder of 2 other companies, Even Healthcare and Compass News. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Alessandro Davide Ialongo: Co-Founder of Even and founder of 1 other company. They serve on the board of 1 company.Contact Info: 3 email addresses and 1 phone number
Even's Board of Directors
Even's board has 2 active members. Mayank Animesh Banerjee and Alessandro Davide Ialongo are part of team.Here is the list of Even's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 4m | |
Team | - | Current | 0y 5m |
View details of Even's Founder profiles and Board Members
Even's employee count trend
Even has 551 employees as of Aug 25. The total employee count is 99.0% more than what it was in Aug 24. Here is Even's employee count trend over the years:
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Even's Competitors and alternates
Top competitors of Even include Navi, Alyve Health and Kenko Health. Here is the list of Top 10 competitors of Even, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of financial products including UPI, loans, insurance, and mutual funds | $445M | 73/100 | ||
2nd | Provider of health insurance plans with outpatient and hospitalization coverage | $72.5M | 71/100 | ||
3rd | Alyve Health 2020, Mumbai (India), Series A | Provider of AI based health monitoring and wellness benefits platform for employees and individuals | $6.41M | 65/100 | |
4th |  Kenko Health 2019, Mumbai (India), Series A | Health insurance platform for individuals | $13.7M | 65/100 | |
5th | _1569295883290.png?devicePixelRatio=2&height=30&width=30){kind=logo} ManipalCigna Health Insurance 2012, Mumbai (India), Acquired | Provider of an online platform for health insurance | - | - | 64/100 |
6th | Online platform offering financial services for women | - | 46/100 | ||
7th |  MyDentalPlan 2015, Bengaluru (India), Seed | Network of dental professionals providing plans, treatments, and oral healthcare | $700K | 40/100 | |
8th | Galaxy Health Insurance 2024, Chennai (India), Unfunded | Provider of diversified insurance solutions | - | - | 40/100 |
9th | Oxxy Healthcare 2013, Delhi (India), Unfunded | Healthcare and diagnostic labs discovery platform | - | - | 35/100 |
10th | Rx Consultants 2020, Mumbai (India), Unfunded | Insurance consultancy firm offering financial solutions for the healthcare sector | - | - | 32/100 |
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Even's Latest cap tables and shareholding
Founders own 26.13%, Funds (largest shareholder) own 58.07%, Enterprises own 4.86% and Angels own 1.33%. The net worth of Even's founders is INR 359Cr as of Jan 08, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 26.13% | 359Cr | 8003380 | 1635721 | 4523494 | 2991931 |
5091938 | 8123352 | 1763257 | 9282177 | 9609244 | 7062789 | |
7177633 | 2332182 | 1708913 | 5949679 | 9656999 | 7228701 | |
4132864 | 1995041 | 4452427 | 7328414 | 6246148 | 6714941 | |
Fund | 58.07% | 798Cr | 3168113 | 9289490 | 2116412 | 2628604 |
5658148 | 3590147 | 8212187 | 6861058 | 3194029 | 3499574 | |
5706920 | 3548823 | 6271311 | 7421374 | 2530940 | 4789343 | |
892 | 259 | 207 | 930 | 586 | 296 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 4.86% | 66.7Cr | 4749 | 4170 | 1440 | 1409 |
Angel | 1.33% | 18.3Cr | 5 | 6 | 7 | 6 |
Other People | 0.12% | 1.66Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 9.49% | 130Cr | 8843680 | 1776515 | 9719272 | 1635917 |
Total | 100.00% | 1,370Cr | 1979869 | 3932892 | 9175255 | 3826684 |
To unlock detailed Cap Table of Even Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Even's Shareholding
Even's Investments and acquisitions
Even has made no investments or acquisitions yet.
News related to Even
Filter this listMedia has covered Even for a total of 10 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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Even Healthcare Secures $20 Million in Funding Led by Lachy Groom and Alpha WaveEntrackr•Jan 06, 2026•Even Healthcare, Alpha Wave Global, Even, Sharrp Ventures and 3 others
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Khosla Ventures-backed Even Healthcare tops up Series A roundVCCircle•Jan 06, 2026•Khosla Ventures, Alphawave Semi, Sharrp Ventures, Even and 6 others
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Even Healthcare reports 92% revenue retention as it expands managed care modelYourStory•Sep 24, 2025•Even
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Even Healthcare launches first hospital in Bengaluru to bridge gaps in India’s secondary careExpress Healthcare•Jul 16, 2025•Even
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Khosla Ventures-backed Even Healthcare Targets Fresh FundingVCCircle•Jul 03, 2025•Even, Khosla Ventures
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