PB Fintech, the parent company of Policybazaar and Paisabazaar, has made a significant foray into India’s booming healthcare sector with the launch of PB Health, a tech-driven hospital venture that has secured one of the largest seed-stage investments in Indian healthtech history. The $218 million funding round, led by Silicon Valley heavyweight General Catalyst, marks a watershed moment for the industry, reflecting both investor confidence and the growing convergence of healthcare and insurance in India’s digital economy.
Founded in January 2025, PB Health is set to transform the patient experience by building a tech-enabled, cashless healthcare platform that eliminates legacy inefficiencies, streamlines insurance claims, and delivers seamless care. The company will use the capital to establish four to five hospitals in and around New Delhi by 2027, with a long-term vision to create a network of 25 to 30 hospitals across ten Indian cities.
PB Fintech has committed approximately $62 million to the venture, acquiring a 26% stake in PB Health, while General Catalyst has invested $50 million, reinforcing its commitment to the Indian market after backing successful startups like Zepto, Cred, and Spinny. The remainder of the funding comes from other institutional investors, whose identities remain undisclosed. The first hospital acquisition was completed in April 2025, adding 200 beds to the network and setting the stage for rapid expansion. PB Health’s immediate goal is to operationalise a 1,000-bed hospital network in the Delhi NCR region before scaling further. The company’s model integrates hospital infrastructure with advanced digital systems, unifying care delivery and insurance to reduce inefficiencies, avoid unnecessary medical procedures, and offer consistent, cashless services.
Yashish Dahiya, Chairman and Group CEO of PB Fintech, emphasised that the venture aims to redefine the care journey for millions by building a technology-first healthcare ecosystem that improves outcomes, enhances trust, and delivers affordable, high-quality services. The platform will focus on key areas such as weight loss, diabetes management, early cancer detection, and heart disease, leveraging analytics and preventive care to improve long-term health outcomes. A dedicated mobile app is under development, promising users a unified experience for medical check-ups, consultations, treatments, and insurance management.
The investment has already had a positive impact on PB Fintech’s stock, which rose over 2% following the announcement. General Catalyst’s Neeraj Arora highlighted the potential for India to leapfrog outdated healthcare models and build a forward-looking, inclusive system centred on proactive and affordable care. With the healthcare sector witnessing a surge in private equity and venture capital activity, PB Health’s entry is poised to set new benchmarks for innovation, efficiency, and patient-centricity in India’s hospital and healthtech landscape.
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