PB Healthcare Raises $218M for Tech-Driven Hospitals

PB Healthcare Services, a new venture headed by Yashish Dahiya of PB Fintech, has secured $218 million in one of India's largest seed funding rounds, led by General Catalyst with participation from PB Fintech and others. The funds will be used to build an integrated, tech-driven healthcare platform targeting India's underserved middle class. PB Healthcare plans to create a network of high-quality hospitals, starting in the Delhi NCR region, with a focus on integrating affordable insurance and patient-centric care. PB Fintech will hold a 26% stake in the venture, while General Catalyst will own about 20%. The initiative aims to minimize unnecessary medical procedures, improve health outcomes, and enhance patient experiences through preventive care and data-driven approaches. This move highlights the growing role of private investment in transforming India's healthcare landscape.