PB Health Care Services Private. The startup said in a statement Thursday that the company has received $218 million in funding from global investment firm General Investment Company, PB Fintech Ltd, and others.
In the seed financing round of healthcare venture capital of $243 million, PB Fintech invested $62 million in a 26% stake, while General Catalyst injected $50 million at 20.57%.
Founded on January 1, 2025, Gurugram-based healthcare company will use the proceeds to build a network of 1,000 bed hospitals in the national capital region and accelerate product development and technological innovation.
This is part of the broader goal of startups to build an end-to-end platform that integrates healthcare and insurance.
To be clear, PB Healthcare is an independent entity with the listed PB Fintech, which owns policies Bazaar and Paisabazaar. Although Yashish Dahiya, chairman and group CEO of PB Fintech, is leading the company, PB Fintech’s role will be an incubator, not a long-term owner.
In 2024, Dahiya revealed his plan, which will reach 20-30% stake through one-time investment, with one-time investments up to $100 million. He explained that new healthcare entities will eventually create their own growth resources and may attract investment from private equity firms and other financial institutions.
“Our vision is to create a truly integrated healthcare ecosystem where patients experience frictionless, high-quality care. Our focus remains on building a technology-first healthcare platform to improve outcomes, strengthen trust and redefine the million-dollar care journey throughout India,” Dahiya said.
PB Healthcare said in a statement that the company will improve long-term health outcomes by operating its own hospitals, leveraging technology, analytical and preventive health care methods, reduce avoidable surgeries, and provide a more predictable full-stack patient experience.
