PB Healthcare Services, a healthcare venture incubated by PB Fintech (parent of Policybazaar), has raised $218 million in a seed funding round, first unveiled in May 2025.
The round saw participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and select angel investors, led by global investment firm General Catalyst.
Founded in 2025 by Yashish Dahiya, PB Healthcare is building a fully integrated healthcare ecosystem that brings hospitals, doctors, insurers, and patients under one roof. The goal is to bridge the trust gap between hospitals and insurers and make care more connected, cashless, and prevention-first.
The company is integrating AI deeply into its health information systems to enable voice-to-text documentation, smart clinical reports, and AI-assisted support for doctors.
It is starting with a 1,200-bed network in Delhi NCR over the next couple of years, including a 270-bed hospital in Noida and two upcoming facilities in Gurgaon.
Expanding beyond hospitals, the company is also growing its out-of-hospital network through partnerships and strategic acquisitions. Its recent acquisition of Mumbai-based Fitterfly, a digital health platform offering diabetes reversal, obesity management, and heart health programs, strengthens its push towards preventive care.
Yashish Dahiya, Chairman and Group CEO of PB Fintech, said, “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.”
Sameer Shroff, Co-Founder and Managing Director at Faering Capital, said, “PB Health’s approach to blending technology, hospital infrastructure, and insurance will be transformative in enhancing patient-centric care in India. We believe the founding team of Yashish and Alok, along with senior leaders across technology and healthcare have a proven track record of execution and are best-positioned to deliver on this impactful vision.”
Neeraj Arora, Managing Director at General Catalyst, said, “India holds a distinctive opportunity to leapfrog legacy models in healthcare. The nation can create a resilient and inclusive health assurance system — one that emphasizes proactive, affordable, and accessible care.”
PB Health has strengthened its leadership with the addition of senior healthcare professionals Rajeev Bhandari (Former Evercare Hospitals, ForUs Hospitals), Dr Mohit Mathur (Former Max Hospitals), and Air Mshl Dr Rajesh Vaidya (Former Director General Medical Services, Indian Air Force). Their combined experience and diverse expertise in hospital operations, clinical management, and healthcare administration will drive PB Health’s next phase of growth and operational excellence.
