New Delhi: When Mayank Banerjee and Matilde Giglio Having moved to India for a research project after having worked together in the UK, they looked for health coverage for themselves and found the experience frustrating. So, along with friend Alessandro ialongothey started to look at the problems in the Indian healthcare system and started Even Healthcare in 2020 with the idea of simplifying processes.
Mayank had studied philosophy, politics & economics at Oxford University. Matilde did similar subjects including a Master’s at the London School of Economics. In 2015, the two started a venture-backed journalism startup called Compass News that used ML algorithms to curate, summarize and personalize news. Four years later, Matilde joined a London venture firm, where she headed the healthcare and fintech verticals.
Ialongo was doing a PhD in ML from Cambridge University, when he got tired of tuning models to extract an extra percentage point of accuracy on problems that had no real-world impact. That’s when he started talking with Mayank and Matilde about Even Healthcare.
The Bengaluru-based venture, funded by Khosla Ventures, Palo Alto Networks CEO Nikesh Arora and a host of others, offers a monthly subscription that allows its members access to a personalized team of doctors, along with access to diagnostic tests and hospitalization cover of up to Rs 1 crore. Even is building a platform that includes electronic medical record storage, teleconsultations, and integrations with labs and healthcare providers.
They are trying to differentiate through a comprehensive managed care approach, and using cutting-edge technology to ensure cashless and convenient healthcare. Doctors, through ML, will be enabled to detect critical illnesses early on and improve clinical outcomes.