PB Healthcare, the healthcare business incubated by Policybazaar parent PB Fintech, has raised its first institutional funding from private equity major Faering Capital, India-focussed equity investor Bay Capital, US-based Think Investments, growth-stage venture fund Avataar Venture Partners, Select Group, and some angel investors.
The $218 million equity funding round, which was announced back in May 2025, was led by global investment firm General Catalyst.
Sharing details on its plans for the healthcare space, the company said in a release that it is starting with a 1,200-bed network in Delhi NCR over the next two years, including a 270-bed hospital in Noida and two upcoming facilities in Gurugram.
PB Health is building an integrated healthcare management system, with doctors, insurers and patients all operating under one roof.
The company recently acquired Mumbai-based Fitterfly, which offers a digital health platform offering diabetes reversal, obesity management, and heart health programmes.
In a statement, the company said that such inorganic expansion opportunities will help drive PB Health towards its goal of building a care model that reduces avoidable hospitalisations and extends health assurance to millions who were previously uninsured.
“Our vision is to create a truly integrated healthcare ecosystem where patients experience frictionless, high-quality care. Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India,” said Yashish Dahiya, group CEO, PB Fintech.
PB Health has strengthened its leadership with the addition of senior healthcare professionals Rajeev Bhandari, previously with Evercare Hospitals and Fortis Hospitals; Mohit Mathur, previously at Max Hospital; and Air Marshal Rajesh Vaidya, who was previously the director general of medical services in the Indian Air Force.
The $218 million equity funding round, which was announced back in May 2025, was led by global investment firm General Catalyst.
Sharing details on its plans for the healthcare space, the company said in a release that it is starting with a 1,200-bed network in Delhi NCR over the next two years, including a 270-bed hospital in Noida and two upcoming facilities in Gurugram.
PB Health is building an integrated healthcare management system, with doctors, insurers and patients all operating under one roof.
The company recently acquired Mumbai-based Fitterfly, which offers a digital health platform offering diabetes reversal, obesity management, and heart health programmes.
In a statement, the company said that such inorganic expansion opportunities will help drive PB Health towards its goal of building a care model that reduces avoidable hospitalisations and extends health assurance to millions who were previously uninsured.
“Our vision is to create a truly integrated healthcare ecosystem where patients experience frictionless, high-quality care. Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India,” said Yashish Dahiya, group CEO, PB Fintech.
PB Health has strengthened its leadership with the addition of senior healthcare professionals Rajeev Bhandari, previously with Evercare Hospitals and Fortis Hospitals; Mohit Mathur, previously at Max Hospital; and Air Marshal Rajesh Vaidya, who was previously the director general of medical services in the Indian Air Force.
