PB Fintech’s Hospital Venture in India Secures $218 Mn Funding

PB Fintech, the parent company of India’s largest insurance aggregator, Policybazaar, has announced its entry into the country’s rapidly growing healthcare industry. The company has launched a new healthcare venture, PB Health, securing $218 million in seed funding. The move signifies PB Fintech’s strategic diversification into hospital infrastructure while leveraging its core insurance expertise.

PB Health to Establish Hospital Network in Major Indian Cities

PB Health will utilise the newly raised capital to set up four to five hospitals in and around New Delhi by 2027. The long-term goal is to create a network of 25 to 30 hospitals across ten Indian cities. PB Fintech chairman Yashish Dahiya stated that the company has invested approximately $62 million for a 26% stake in the venture. While other stakeholders were not disclosed, the seed round includes a notable $50 million contribution from Silicon Valley-based General Catalyst.

General Catalyst, known for backing Indian startups such as Cred, Spinny, and Zepto, continues to strengthen its footprint in the country. The firm recently merged with local venture capital company Venture Highway and has earmarked between $500 million and $1 billion for new investments in India.

Rising Private Investment in Indian Healthcare Sector

India’s healthcare sector has seen a significant increase in private investment. According to a joint report by EY and IVCA, there were 62 private equity and venture capital deals worth $5 billion in 2023 and 84 deals amounting to $3.2 billion in 2024. The surge reflects growing investor confidence in the sector’s potential to evolve and scale.

PB Fintech aims to address the challenge of delivering quality and affordable healthcare through the integration of insurance solutions. “Providing quality affordable healthcare in India is a complex challenge. We believe one way to tackle this issue is through the world of insurance,” said Dahiya. The company’s entry into the healthcare space is seen as a strategic expansion aligned with this vision.

Read More: PB Fintech Share Price Rises by 1.08% After RBI’s Approval for PB Pay

PB Fintech Share Performance 

As of May 8, 2025, at 11:20 AM, PB Fintech share price is trading at ₹1,670.30 per share, reflecting a surge of 1.84% from the previous closing price. Over the past month, the stock has surged by 9.03%.

Conclusion

PB Fintech’s launch of PB Health marks a significant step into India’s healthcare industry, supported by substantial investment from both domestic and international sources. With plans to build a widespread hospital network, the company aims to combine healthcare services with insurance to address the country’s growing medical needs.

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