PB Healthcare Services Private Limited (PB Health), the newly launched healthcare arm of PB Fintech-the parent company of PolicyBazaar-has successfully raised $218 million (approximately Rs 1,850 crore) in a seed funding round. This round was led by Silicon Valley-based global investment firm General Catalyst, with participation from PB Fintech and other undisclosed investors. This funding marks one of the largest seed-stage investments in India’s healthtech sector.
Ambitious Plans to Build a Tech-Enabled Hospital Network in Delhi NCR
Founded in January 2025, PB Health aims to revolutionize healthcare delivery by establishing a 1,000-bed hospital network in the Delhi National Capital Region (NCR) by 2027. The initial phase will see the launch of four to five hospitals around New Delhi, with plans to expand to 25–30 hospitals across 10 major cities in the coming years.
PB Fintech has already committed around $62 million (about Rs 539 crore) to the venture, securing a 26% stake in PB Health. General Catalyst’s contribution includes a $50 million investment, reflecting strong confidence in the startup’s vision and potential.
Building a Seamless, Cashless, and Tech-First Healthcare Ecosystem
PB Health’s core mission is to create a technology-driven, cashless healthcare platform that integrates hospital care with insurance services. This model aims to eliminate traditional bottlenecks such as pre-authorisation delays and cumbersome insurance claim processes, thereby offering patients a smooth and efficient care journey.
The company plans to leverage advanced technology, data analytics, and preventive care strategies to improve health outcomes and reduce unnecessary medical procedures. By unifying care delivery and insurance under one roof, PB Health intends to provide predictable, affordable, and accessible healthcare for India’s growing middle class.
Leadership Vision and Strategic Partnerships
Yashish Dahiya, Chairman and Group CEO of PB Fintech, expressed enthusiasm about the partnership with General Catalyst, stating, “Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India.” He emphasized the importance of combining technology with healthcare infrastructure to address longstanding inefficiencies in the system.
Neeraj Arora, Managing Director at General Catalyst, highlighted India’s unique opportunity to leapfrog legacy healthcare models. He said, “We believe India can build a resilient, inclusive health assurance system that makes care more proactive, affordable, and accessible. Yashish’s proven track record in transforming insurance positions PB Health to deliver impact at scale.”
Market Context: Rising Investor Interest in Indian Healthcare
PB Health’s funding success comes amid a surge in investor enthusiasm for India’s healthcare sector. According to industry reports, private equity and venture capital investments in Indian healthcare reached $3.2 billion across 84 deals in 2024, following $5 billion in 62 transactions in 2023. This trend reflects growing recognition of the need for innovative healthcare solutions that cater to India’s vast and underserved population.
Future Outlook: Scaling Up and Innovating Healthcare Delivery
With the seed funding secured, PB Health is set to accelerate product development and technological innovation while rolling out its hospital network. The company’s long-term vision includes expanding its footprint beyond Delhi NCR to multiple cities, creating a robust, integrated healthcare ecosystem.
PB Health also aims to offer a single-app experience for patients, enabling everything from insurance purchase to claim settlement seamlessly. This approach promises to simplify healthcare access and reduce friction for millions of Indians.
PB Fintech’s healthcare venture is poised to transform India’s healthcare landscape by combining infrastructure, technology, and insurance in a unified model. With strong financial backing and visionary leadership, PB Health is on track to deliver affordable, high-quality, and tech-enabled healthcare services to the nation’s middle class.