PB Healthcare Expands with $218 Million Funding Led by General Catalyst

Deal News | May 08, 2025 | General Catalyst Partners LLC

PB Healthcare Expands with $218 Million Funding Led by General Catalyst

PB Healthcare Services, a subsidiary of PB Fintech, has secured $218 million in its first major equity funding. The investment round was led by General Catalyst, along with contributions from PB Fintech itself and another unnamed institutional investor. PB Fintech invested approximately $62 million, General Catalyst committed $50 million, and the unidentified investor contributed a similar amount. The primary aim for PB Healthcare is to construct a network of hospitals in the National Capital Region, initially planning for five to six hospitals with 200-250 beds. There is potential for future growth, with aspirations to develop 25 to 50 hospitals focusing on 100-bed facilities. Additionally, PB Health is working on building an integrated healthcare platform, inclusive of a mobile app, to enhance patient experiences and health outcomes. PB Fintech holds a 26% stake in PB Health and is providing executive support while allowing PB Health to function independently in the long term.

Sectors

  • Healthcare
  • Venture Capital
  • Fintech

Geography

  • India – PB Healthcare plans to establish hospitals in the National Capital Region (NCR) of India.
  • United States – General Catalyst, the leading investor in this funding round, is based in the US.

Industry

  • Healthcare – PB Healthcare is focused on building a network of hospitals and a comprehensive healthcare platform.
  • Venture Capital – General Catalyst, a venture capital firm, led the funding round for PB Healthcare.
  • Fintech – PB Fintech, a parent company of PB Healthcare and an insurance marketplace, played a significant role in the funding.

Financials

  • $218 million – Total amount raised by PB Healthcare in the equity funding round.
  • $62 million – Amount invested by PB Fintech in the funding round.
  • $50 million – Amount committed by General Catalyst in the funding round.

Participants

NameRoleTypeDescription
PB Healthcare ServicesTargetCompanyAn affiliate of PB Fintech focusing on creating a network of hospitals and an end-to-end healthcare platform.
PB FintechParent Company/Selling CompanyCompanyThe parent company of PB Healthcare and an insurance marketplace known as Policybazaar.
General CatalystLead InvestorCompanyA US-based venture capital firm leading the funding round for PB Healthcare.
Yashish DahiyaExecutivePersonCEO of PB Fintech involved in the strategic direction of PB Healthcare.