PB Healthcare Services Pvt. Ltd. (PB Health), a new healthcare venture backed by PB Fintech, has raised $218 million (approx. Rs 1,848 crore) in seed funding to launch its first set of hospitals and scale up technology-led healthcare innovations. Global investment firm General Catalyst led the funding round, which also saw participation from PB Fintech and other institutional investors.
The funding was disclosed by PB Fintech in a regulatory filing, sending its shares higher during the trading session. The stock touched an intraday high of Rs 1,683, rising 2.6% from the previous close. At last check, it was trading at Rs 1,677.10, up 2.25%, though still down over 22% since the beginning of the year.
According to the company, the capital will be used to establish PB Health’s initial hospital network in the Delhi-NCR region and accelerate product development across its integrated healthcare platform.
PB Health’s model blends hospital infrastructure with advanced digital systems to create a seamless and connected patient experience. By unifying insurance and care delivery, the company aims to reduce inefficiencies, avoid unnecessary medical procedures, and offer consistent, cashless services across its network. The goal is to build a technology-first, end-to-end healthcare ecosystem that delivers better outcomes while remaining affordable and accessible.
“This investment helps lay the foundation for a new kind of healthcare delivery system in India—one that’s efficient, trustworthy, and centred on patient needs,” PB Fintech’s Chairman and Group CEO Yashish Dahiya said. He added that General Catalyst was approached for its deep domain expertise in healthcare technology.
While specific financial details of the first tranche remain undisclosed, sources cited in media reports suggest that PB Fintech committed approximately Rs 539 crore ($62 million), with General Catalyst investing $50 million. Another unnamed institutional investor is believed to have contributed a similar amount.
Neeraj Arora, Managing Director at General Catalyst, said the firm sees significant potential in India’s healthcare sector. “India has the opportunity to bypass outdated models and build a forward-looking, inclusive system that emphasises proactive and affordable care,” he said. “Yashish has already transformed the insurance space and is well-placed to replicate that success in healthcare.”