PB Healthcare Services Private Limited, a healthcare venture incubated by PB Fintech (the parent company of Policybazaar), has announced the complete list of investors in its $218 million seed round originally revealed in May 2025. The round was led by global investment firm General Catalyst, with participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and a group of angel investors.
PB Health aims to build a fully integrated healthcare ecosystem that brings hospitals, clinicians, insurers, and patients onto a single connected platform. Its mission is to bridge the trust gap between providers and insurers while offering seamless, cashless, and prevention-driven care. The company plans to roll out a 1,200-bed hospital network across Delhi NCR over the next few years, beginning with a 270-bed facility in Noida and two additional hospitals coming up in Gurgaon.
Investors expressed confidence in PB Health’s strategy of combining technology, hospital infrastructure, and insurance to deliver more transparent, patient-centric care. The founding leadership—Yashish Dahiya and Alok Bansal—along with a seasoned team across technology and healthcare operations, is seen as well-positioned to execute this vision.
PB Fintech’s Group CEO, Yashish Dahiya, reiterated that the objective is to build a truly integrated, tech-first healthcare platform that enhances outcomes, strengthens trust, and transforms the patient journey at scale.
The company has also bolstered its senior leadership by onboarding Rajeev Bhandari (formerly Evercare and ForUs Hospitals), Dr. Mohit Mathur (formerly Max Healthcare), and Air Marshal Dr. Rajesh Vaidya (former Director General Medical Services, Indian Air Force). Their collective experience in clinical management, hospital operations, and healthcare administration is expected to support PB Health’s next phase of growth.
PB Health’s technology stack is being developed with a clear focus on improving the experience of every stakeholder—patients, doctors, and nursing staff. AI is being embedded deeply into hospital information systems to enable features such as voice-to-text clinical documentation, smarter reporting, and decision-support tools for clinicians.
Beyond hospitals, PB Health is expanding its presence through strategic partnerships and acquisitions. Its recent acquisition of Mumbai-based Fitterfly—a digital health platform specializing in diabetes reversal, obesity management, and cardiac wellness—marks a key step in strengthening its preventive health portfolio. With chronic conditions affecting a significant share of India’s adult population, the clinically validated outcomes and IP built by Fitterfly are expected to enhance PB Health’s ability to deliver hybrid (online and in-person) care models that reduce avoidable hospitalizations and extend health assurance to underserved populations.
Fitterfly’s leadership emphasized that the integration with PB Health positions both organizations to advance a connected, outcomes-focused approach that improves chronic disease management, reduces admission rates, and lowers overall healthcare costs.
Also Read
