PB Healthcare Services Pvt Ltd, a new healthcare venture incubated by PB Fintech, has confirmed the complete list of investors who contributed to its $218 million seed funding round. The round, first disclosed in May 2025, is one of the largest early-stage healthcare investments in India.
PB Health Funding
Global investment firm General Catalyst led the funding, joined by Faering Capital, Bay Capital, Avataar, Think Investments, Select Group and several angel investors. The capital is expected to support the company’s plan of building an integrated healthcare platform that improves coordination between hospitals, insurers and patients.
The startup aims to create a more accessible and cashless medical experience while building a strong focus on preventive care. Officials say the model seeks to reduce friction in hospital admissions and strengthen patient trust.
Hospital Network Expansion
The company’s initial development includes a 1,200-bed network in Delhi NCR over the next few years. This rollout features a 270-bed facility in Noida and two new hospitals planned in Gurgaon, which together will form the foundation of its connected care ecosystem.
PB Health said its goal is to simplify the care journey by reducing administrative delays, boosting transparency and enabling faster insurance approvals through technology.
Industry analysts note that the combined approach of hospital infrastructure and digital support could help bridge long-standing trust gaps between treatment providers and insurers.
Leadership Strengthened
To support expansion, PB Health has onboarded experienced medical and administration leaders. New appointments include Rajeev Bhandari, previously associated with Evercare Hospitals and ForUs Hospitals; Dr. Mohit Mathur, former Max Hospitals senior leader; and Air Marshal Dr. Rajesh Vaidya, former Director General Medical Services of the Indian Air Force. Their responsibilities include driving operational efficiency and clinical excellence across the network.
The company said that leadership expertise will play a major role as it scales while adhering to high quality standards in care delivery.
Technology Integration Plans
The platform integrates AI into clinical workflows, including voice-to-text documentation and decision-support tools for doctors. PB Health said these features are designed to enhance safety, reduce paperwork and allow medical teams to spend more time with patients.
The company is also expanding into out-of-hospital care by acquiring and partnering with digital health services. Its recent purchase of Mumbai-based Fitterfly strengthens its capabilities in programs focused on diabetes reversal, obesity and heart health.
Executives said the goal is to prevent avoidable hospital admissions and increase access to health assurance for uninsured and under-served populations.
PB Fintech
PB Health is being developed under PB Fintech, the parent company of Policybazaar and Paisabazaar. PB Fintech has built strong online financial services platforms over the past decade, and industry experts say PB Health is its ambitious step into physical healthcare infrastructure. Analysts believe that combining its existing insurance distribution strength with hospital-led services could reshape parts of India’s healthcare delivery market, especially where cashless care remains limited.
