PB Health, a healthcare initiative launched by India-based company PB Fintech, has secured $218m in early-stage investment.
The funding round was led by global investor General Catalyst and represents PB Fintech’s expansion into the healthcare industry.
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PB Health will use the funds to develop a network of hospitals in the Delhi National Capital Region (NCR) area, as well as support product innovation and service improvement efforts.
PB Fintech chairman and group CEO Yashish Dahiya said: “We are very excited to partner with General Catalyst in building the next chapter of healthcare in India.
“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 vision is to create a truly integrated healthcare ecosystem where patients can experience frictionless, high-quality care. Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India.”
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By GlobalDataPB Health is currently working on a platform to bring together healthcare provision and insurance offerings, employing technology and data insights to improve efficiency.
PB Fintech aims to manage its medical facilities directly through PB Health, to minimise unnecessary procedures and deliver an integrated patient experience.
General Catalyst managing director Neeraj Arora said: “At General Catalyst, we are proud to support PB Health on its mission to reimagine healthcare in India.
“We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system—one that makes care more proactive, affordable, and accessible.
“Yashish has already built one of India’s largest insurance platforms, and is uniquely positioned to deliver impact at scale for the country’s middle class.”
