Latest news with #PBHealth
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Business Standard
08-05-2025
- Business
- Business Standard
PB Health raises $218 mn in seed round led by US-based General Catalyst
Delhi National Capital Region (NCR)-based PB Healthcare Services, an affiliate of PB Fintech, on Thursday announced that it has raised $218 million (around Rs 1,850 crore) in its first major equity infusion, in a seed funding round led by US-based global investment firm General Catalyst and other investors. The company is the health venture of PB Fintech, which is also the parent firm of online financial services providers Policybazaar and Paisabazaar. In a statement, PB Health said the investment will be used to establish its initial hospital network in the Delhi NCR region and to accelerate product development and technological innovation. The company, incorporated on 1 January this year, has publicly stated that its initial focus is on setting up a 1,000-bed hospital network in the Delhi NCR region, with plans for phased expansion. The company stated that it is aiming to build an end-to-end healthcare platform that integrates both care and insurance. 'By operating its own hospitals and 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,' PB Health said. Yashish Dahiya, chairman and group CEO at PB Fintech, said that partnering with General Catalyst will help the firm ramp up in the health space, given the latter's deep investment experience and strong understanding of health tech. 'Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust and redefines the care journey for millions across India,' Dahiya added. General Catalyst's interest in the Indian health space comes just a year after it expanded in the country by merging with local firm Venture Highway and earmarking $500 million to $1 billion for fresh investments in India. The Silicon Valley-based investment firm also led a $340 million round in Mumbai-based quick commerce startup Zepto last year. It also backs Indian startups such as Cred and Spinny.
Yahoo
08-05-2025
- Business
- Yahoo
PB Health raises $218m in funding to develop hospital network in Delhi, India
PB Health, a healthcare initiative launched by India-based company PB Fintech, has secured $218m in early-stage investment. The funding round was led by global investor General Catalyst and represents PB Fintech's expansion into the healthcare industry. PB Health will use the funds to develop a network of hospitals in the Delhi National Capital Region (NCR) area, as well as support product innovation and service improvement efforts. PB Fintech chairman and group CEO Yashish Dahiya said: 'We are very excited to partner with General Catalyst in building the next chapter of healthcare in India. 'Since 2015, we've always chosen our primary investor carefully, and this time was no different — we approached the General Catalyst team for their deep investment experience and strong understanding of health tech. 'Our vision is to create a truly integrated healthcare ecosystem where patients can 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.' PB Health is currently working on a platform to bring together healthcare provision and insurance offerings, employing technology and data insights to improve efficiency. PB Fintech aims to manage its medical facilities directly through PB Health, to minimise unnecessary procedures and deliver an integrated patient experience. General Catalyst managing director Neeraj Arora said: 'At General Catalyst, we are proud to support PB Health on its mission to reimagine healthcare in India. 'We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system—one that makes care more proactive, affordable, and accessible. 'Yashish has already built one of India's largest insurance platforms, and is uniquely positioned to deliver impact at scale for the country's middle class.' "PB Health raises $218m in funding to develop hospital network in Delhi, India" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Entrepreneur
08-05-2025
- Business
- Entrepreneur
PB Health Raises USD 218 Million in Seed Round Led by General Catalyst
PB Health plans to launch a 1,000-bed hospital network in Delhi NCR and has set its sights on phased expansion in other regions You're reading Entrepreneur India, an international franchise of Entrepreneur Media. PB Healthcare Services Private Limited (PB Health), a newly formed healthtech venture backed by PB Fintech, has raised USD 218 million in the first tranche of its seed funding round. The round was led by global investment firm General Catalyst, with additional participation from PB Fintech and other external investors. The funding will be used to establish PB Health's first hospital network in the Delhi National Capital Region and to accelerate product development and technology innovation. Founded on 1 January 2025, the company aims to create a tech-enabled, cashless healthcare delivery platform that integrates insurance and clinical care. "We are very excited to partner with General Catalyst in building the next chapter of healthcare in India. Since 2015, we've always chosen our primary investor carefully, and this time was no different — we approached the General Catalyst team for their deep investment experience and strong understanding of health tech. 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, Chairman and Group CEO of PB Fintech. PB Health plans to launch a 1,000-bed hospital network in Delhi NCR and has set its sights on phased expansion in other regions. The company's model involves direct hospital operations, removing pre-authorisation steps and streamlining claims processes, aiming to offer patients a seamless and predictable healthcare experience. "We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system — one that makes care more proactive, affordable, and accessible. Yashish has already built one of India's largest insurance platforms and is uniquely positioned to deliver impact at scale for the country's middle class," Neeraj Arora, Managing Director at General Catalyst, noted.
