PB Health bags investment for hospital chain, gets $218 million funding led by General Catalyst

The investment will be used to establish PB Health’s initial hospital network in the Delhi NCR region and to accelerate product development and technological innovation.

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26 Aug, 2025 12:21

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PB Fintech, the parent entity of Policybazaar said on May 8 its healthcare venture has raised $218 million as seed funding from a clutch of investors including General Catalyst, a global investment company, marking its foray into the fast-growing healthcare business.

The funding is aimed at supporting PB Health’s initial hospital network in the Delhi NCR region, and enhance product development and innovation. PB Health is developing a comprehensive healthcare platform to integrate care and insurance seamlessly. The online insurer plans to run its own hospitals and use technology, analytics, and a preventive-care model, said the company.

PB Fintech said by running its own hospitals, the company aims to reduce avoidable surgeries and deliver a full-stack patient experience.

Yashish Dahiya, Chairman & Group CEO of PB Fintech said partnering with General Catalyst will help the company ramp up presence in healthcare space. "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.

PB Fintech's Chairman told CNBC-TV18 during a conversation that PB Fintech will be holding 26% stake in PB Health, and General Catalyst will own around 20%.

Neeraj Arora, Managing Director at General Catalyst said, India has a unique opportunity to 'leapfrog legacy models' in healthcare. India can build a "resilient, inclusive health assurance system — one that makes care more proactive, affordable, and accessible," Neeraj Arora added.

General Catalyst added that the aim is to offer healthcare and insurance for the middle class in India.