PB Fintech’s new venture, PB Health, raised $218 million in a seed round.
PB Fintech runs Policybazaar and Paisabazaar, platforms for buying insurance and financial products online.
The deets: PB Fintech itself has put in $62 million, giving it a 26% stake in PB Health. The remaining investors haven’t been named, but one big backer is General Catalyst, the Silicon Valley VC firm known for investing in Indian startups like Zepto, Cred, and Spinny.
The why: PB Health plans to set up 4–5 hospitals around Delhi by 2027, with a long-term goal of building a 25–30 hospital network across 10 Indian cities. It’s a full-blown healthcare play, from digital to physical and shows PB Fintech wants to go beyond just selling insurance and actually own a piece of the care itself.
Zoom out: Private money is flowing fast into Indian healthcare. In 2024 alone, the sector attracted 84 deals worth $3.2 billion, following $5 billion in 2023. From diagnostics to beds, investors are seeing healthcare as India’s next high-growth frontier.
