PB Healthcare Services Private Limited (“PB Health”), a transformative venture incubated by PB Fintech — the parent company of Policybazaar — has unveiled the complete list of investors for its $218 million seed round, first announced in May 2025. The round attracted investments from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and select angel investors, led by global investment firm General Catalyst.
Building a Connected Healthcare Network
As per the press release, PB Health aims to establish a fully integrated healthcare ecosystem. The platform will unite hospitals, doctors, insurers, and patients. The company’s mission is to close the trust gap between hospitals and insurers. It also aims to make healthcare more connected, cashless, and prevention-first. To begin, PB Health is setting up a 1,200-bed hospital network across Delhi NCR over the next few years. This includes a 270-bed hospital in Noida and two upcoming facilities in Gurgaon.
Investors Back Technology-Led Healthcare Vision
Sameer Shroff, Co-Founder and Managing Director at Faering Capital, emphasized the company’s transformative potential, saying:
“PB Health’s approach to integrating technology, hospital infrastructure, and insurance will redefine patient-centric care in India. The founding team, led by Yashish and Alok, along with their senior leadership across technology and healthcare, are well-equipped to execute this impactful vision.”
Neeraj Arora, Managing Director at General Catalyst, added:
“India has a unique opportunity to leapfrog traditional healthcare models and build a resilient, inclusive health assurance system — one that prioritizes proactive, affordable, and accessible care.”
A Tech-First Healthcare Vision
Commenting on the development, Yashish Dahiya, Chairman and Group CEO of PB Fintech, stated:
“Our goal is to create a truly integrated healthcare ecosystem that ensures frictionless, high-quality care for every patient. By building a tech-first healthcare platform, we aim to improve outcomes, strengthen trust, and redefine the care journey for millions across India.”
Strengthening Leadership for the Next Phase of Growth
PB Health has expanded its leadership team by appointing industry veterans. Key additions include Rajeev Bhandari (Former Evercare and Fortis Hospitals), Dr. Mohit Mathur (Former Max Hospitals), and Air Marshal Dr. Rajesh Vaidya (Former Director General Medical Services, Indian Air Force). Their combined expertise spans hospital operations, clinical management, and healthcare administration. This will accelerate PB Health’s next phase of growth and operational excellence.
Driving Innovation Through AI and Technology
At the heart of PB Health’s technology lies one guiding principle. It aims to enhance every participant’s experience in the care journey, from patients to doctors and nurses. The company is embedding AI deeply into its health information systems. This enables voice-to-text clinical documentation, smart medical reports, and AI-assisted support tools for doctors.
Expanding Beyond Hospitals
Beyond building hospital infrastructure, PB Health is broadening its out-of-hospital network through partnerships and acquisitions. A key milestone in this expansion is PB Health’s recent acquisition of Fitterfly. Fitterfly is a Mumbai-based digital health platform specializing in diabetes reversal, obesity management, and heart health programs. This acquisition strengthens PB Health’s commitment to preventive care. It also supports its vision of reducing avoidable hospitalizations and extending health assurance to millions previously uninsured.
Strengthening Preventive Care Through Fitterfly
Speaking about the acquisition, Arbinder Singal, Co-Founder and CEO of Fitterfly, said:
“Chronic diseases such as diabetes, hypertension, dyslipidemia, and obesity impact nearly 40% of India’s adult population. With its clinically validated platform, proven outcomes, and strong intellectual property, Fitterfly will significantly enhance PB Health’s preventive care strategy. We are excited to join PB Health’s mission to seamlessly integrate online and in-person care, improving outcomes, lowering hospital admissions, and reducing healthcare costs.”
Towards a Prevention-First Healthcare Future
With its robust funding, seasoned leadership, and strong technological backbone, PB Health is poised to reshape the Indian healthcare landscape. The company combines advanced infrastructure, digital innovation, and an insurance-linked model. It aims to deliver a holistic, prevention-first care experience for every Indian.