Segment – Insurance in B2B2C; health-tech company and healthcare provider that partners directly with the top hospitals in the country.
About
Even was founded in 01/09/2020 in Bangalore, India by 3 founders – Alessandro Davide Lalongo, Matilde Giglio, Mayank Banerjee.
Even is a healthcare provider that offers managed care plans to its members, with an additional option to enrol for a group insurance cover with its IRDAI – licensed insurance partners.
Products and services offers from even is monthly subscription-based healthcare membership, members can get unlimited consultations, unlimited OPD, IPD cover till Rs 50 lakh, tied-up with the narayana health, fortis hospitals and aster DM healthcare, and is available at over 20 hospitals and clinic.
Company has raised a total of $20.8M in funding over 6 rounds, their latest funding was raised on feb 16, 2023 from a grant round, even is funded by 16 investors, Mission Daybreak and Kunal Shah are the most recent investors, Khosla Ventures, Founders Fund, Lachy Groom, Alpha Wave, Espada (Lightrock India) are some of Investors in Even.
Key staff
Mayank Banerjee (Co-Founder & CEO) – he was previously worked as an associate special project at entrepreneur first, he also was a co- founder of compass news. Completed bachelor of arts in philosophy, politics and economics. http://www.linkedin.com/in/mayank-banerjee-b081507b/
Alessandro Davide Ialongo (Co-Founder & CTO) – he has a background in ML, he was previously worked with Swhere as a ML engineer. Completed phd in ML from cambridge University, masters of science in ML from UCL and bachelor of art in Philosophy from UCL. http://www.linkedin.com/in/alessandro-ialongo/
Matilde Giglio (Co-Founder) – she is Angel Investor in startups, she is investor in Sorted, investor in Hubble Network & Turno. Completed masters of science from the London school of Economic and Political Science, bachelor degree in Economic from Luiss Guido Carli University. http://www.linkedin.com/in/matilde-giglio-774961a8/
Philosophy/key insight
Selling insurance through group cover? insurance management platform?
Products & services
Group Insurance up to 1 crore rupees, cashless cover through even insurance partners, 7500+ networks across India,80D benefits.
Claims & Hospital Support, 24/7 online claims assistance, on- ground partner to support and guide you at the hospital.
Free consultations & Tests, free consultations, blood and radiology test (blood test, X-rays, ECG, etc.) across India.
24/7 personal medical team, personal team of doctors & specialists for day-to-day care and emergencies.
Plans
EvenPlus – 896/- Rs per Month; Free and unlimited consultations with Even doctors, 24×7 personal care team, Free tests at Even-approved facilities, Tax savings under Section 80D, Free specialists’ consultations all over India, Cashless hospitalisation, Emergency care across India, up to ₹1 Cr group health insurance cover per family, Covid-19 cover,
EvenLite – 670/- Rs per Month; Free and unlimited consultations with Even doctors, 24×7 personal care team, Free tests at Even-approved facilities, Tax savings under Section 80D, Free specialist’s consultations all over India
EvenCare – 400/- Rs per Month; Free and unlimited consultations with Even doctors, 24×7 personal care team,
Media
Title: Even healthcare raises $15Million from Alpha Wave, Lightrock, Money control, Date: Nov 11, 2022. https://www.moneycontrol.com/news/business/startup/even-healthcare-raises-15-million-from-alpha-wave-lightrock-9497531.html
The company recently raised $15 million from new investors, including Alpha Wave and Lightrock. The funding will be used to strengthen their clinical team of doctors and scale their preventive care services for common comorbidities like diabetes, PCOS, obesity, the company aims to address the reluctance in visiting doctors and promote regular health checks to improve clinical outcomes and reduce outpatient department costs.
Even Healthcare and healthily announce landmark collaboration; Aim to empower Indian users with personalised AI assessment and verified medical content, Express Computer, Date: Jul 03, 2023.
Even healthcare and Digital health company, healthily have partnered to offer comprehensive and data- driven preventive healthcare services in India, the collaboration aims to provide Indians with free access to verified medical content and an AI-powered symptom checker.
Prepared by – Jayesh Baviskar, July 2023
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