PB Healthcare secures $218 mn seed capital

Firm will set up a 1,000-bed hospital network in National Capital Region

- Priyamvada C & Jessica Jani

Policybazaar promoter Yashish Dahiya's healthcare venture on Thursday said it has raised $218 million seed capital at a valuation of $243 million. While Policybazaar parent PB Fintech invested $62 million for a 26% stake in PB Healthcare Services Pvt. Ltd, General Catalyst infused $50 million for 20.57%. The names of other investors could not be ascertained.

In the seed funding round, which valued the healthcare venture at $243 million, PB Fintech invested $62 million for a 26% stake, while General Catalyst infused $50 million for 20.57% stake.

Incorporated on 1 January 2025, the Gurugram-based healthcare firm will use the proceeds to set up a 1,000-bed hospital network in the National Capital Region and accelerate product development and technological innovation.

This is part of the startup's broader aim to build an end-to-end platform that integrates healthcare and insurance.