PB Healthcare Services Pvt. Ltd., a new healthtech venture incubated by PB Fintech—the parent company of Policybazaar and Paisabazaar—has secured a substantial $218 million in seed funding. This funding round, led by global investment firm General Catalyst, marks a significant step in PB Healthcare’s mission to revolutionize India’s healthcare landscape. Inc42 Media
🚀 PB Healthcare’s Ambitious Vision
Founded on January 1, 2025, PB Healthcare aims to establish a tech-enabled, cashless healthcare delivery platform that seamlessly integrates insurance and clinical care. The company plans to utilize the newly acquired funds to set up a 1,000-bed hospital network in the National Capital Region (NCR), with a long-term goal of expanding to 25–30 hospitals across 10 Indian cities by 2027.
Yashish Dahiya, Chairman and Group CEO of PB Fintech, is spearheading this venture. Although PB Healthcare operates as a separate entity, PB Fintech has invested $62 million for a 26% stake, while General Catalyst has contributed $50 million for a 20.57% stake.
🏥 Building a Tech-First Healthcare Ecosystem
PB Healthcare’s model focuses on direct hospital operations, eliminating pre-authorization steps, and streamlining claims processes to offer patients a seamless and predictable healthcare experience. By leveraging technology, analytics, and a preventive-care approach, the company aims to improve long-term health outcomes, reduce avoidable surgeries, and deliver a more predictable, full-stack patient experience.
General Catalyst’s investment aligns with its belief in India’s potential to leapfrog through innovation, particularly in the healthcare sector. The firm views PB Healthcare as a significant step toward reshaping healthcare delivery and creating a more resilient India. General Catalyst
🔍 Background on PB Fintech
PB Fintech, established in 2008, is renowned for its digital insurance marketplace, Policybazaar, and its lending platform, Paisabazaar. The company’s foray into healthcare signifies a strategic move to integrate insurance and healthcare services, aiming to provide a comprehensive solution for Indian consumers.
Yashish Dahiya’s leadership in this new venture reflects his commitment to addressing the challenges in India’s healthcare system by building an integrated, technology-driven platform. His vision is to create a healthcare ecosystem that is efficient, trustworthy, and centered on patient needs.
