PB Healthcare, a newly launched healthcare startup in India led by Policybazaar’s Yashish Dahiya, raised USD 218 million in seed funding on May 9, 2025, to set up a 1,000-bed hospital network in the National Capital Region and accelerate tech-driven healthcare innovation.
PB Healthcare, a Gurugram-based healthcare startup founded by Policybazaar promoter Yashish Dahiya, has secured USD 218 million in seed funding to build a 1,000-bed hospital network in the National Capital Region (NCR), India. The company aims to transform the Indian healthcare landscape with a tech-first approach integrating care delivery and insurance.
Incorporated on January 1, 2025, PB Healthcare is a separate entity from PB Fintech Ltd, the listed parent company of Policybazaar and Paisabazaar. Although Dahiya continues to serve as chairman and group CEO of PB Fintech, the company’s role in PB Healthcare will remain that of an incubator rather than a long-term operator.
The seed round included an investment of USD 62 million from PB Fintech, giving it a 26% stake, and USD 50 million from venture capital firm General Catalyst, securing a 20.57% stake. Other investors have not been disclosed.
PB Healthcare plans to use the funds to build an end-to-end ecosystem combining hospitals, insurance, and technology. Dahiya stated, “Our focus is on creating a seamless, high-quality, and data-driven healthcare platform that improves patient outcomes and trust.”
The company’s mission includes reducing unnecessary surgeries, improving long-term health, and ensuring predictable, full-stack patient experiences by managing hospital infrastructure and using advanced analytics and preventive care strategies.
India’s private hospital sector is experiencing a significant boom, with major players like Apollo Hospitals, Max Healthcare, and Fortis Healthcare investing heavily to expand capacity. According to Crisil Ratings, Indian private hospitals are expected to add 10,000 beds over two fiscal years, supported by over USD 3 billion in investments.
Hospital operators are also exploring vertical integration. In 2024, Narayana Health launched its insurance arm, Narayana Health Insurance Ltd, offering high-value coverage plans approved by the Insurance Regulatory and Development Authority of India (IRDAI).
As demand for organized, quality healthcare rises in India, PB Healthcare is entering a ripe market with both investment momentum and technological opportunity on its side.
