PB Healthcare Services, once fully owned by PB Fintech, has secured $218 million in the first phase of its seed funding round, with General Catalyst leading the investment. PB Fintech itself invested $62 million, while General Catalyst contributed $50 million. The rest came from a mix of institutional and individual investors.
This funding will fuel PB Healthcare’s plans to build a tech-driven hospital network in the Delhi NCR region. The company intends to merge insurance and care through a full-stack platform that emphasises preventive healthcare, data-driven decisions, and patient-first service.
To develop a 1,000-bed network, PB Health expects to launch 4–5 hospitals in the next year, adding between 600 and 800 beds. It aims to simplify the insurance experience by removing pre-authorisations and easing claim processes, building stronger trust among patients, providers, and insurers.
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Following this funding round, PB Fintech’s ownership in PB Healthcare has reduced from complete control to 32.14%. Despite an earlier proposal to retain just 11%, the board chose to hold a 26% stake, signallinga strong belief in the healthcare venture’s long-term potential.
The funding milestone comes just before PB Fintech’s Q4 FY25 earnings report. In Q3 FY25, the company reported a revenue jump to Rs 1,292 crore and a 94.6% increase in profit, reaching Rs 72 crore.
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