PB Healthcare Raises INR 1,461 Cr, Becomes Independent Entity

PB Healthcare Services, previously a wholly-owned subsidiary of PB Fintech (the parent of Policybazaar), is raising approximately $171 million in a large seed funding round that will dilute PB Fintech’s stake from 100% to 32.14%. The initial investment of about $63 million was made by PB Fintech, with the remainder coming from external investors and senior leadership, and the round includes the establishment of an Employee Stock Option Plan (ESOP) pool to attract top talent. This strategic move transitions PB Healthcare into an independent entity and aligns with PB Fintech's asset-light strategy, with CEO Yashish Dahiya stating the company will act as an incubator rather than a long-term operator. PB Healthcare, founded in January 2025, plans to launch operations in the National Capital Region with the goal of opening hospitals totaling 1,000 beds in its first year and expanding to other metro cities. The fresh capital will support operational expenses, growth initiatives, and brand building. The restructuring and funding are seen as pivotal to PB Healthcare's ambition to deliver seamless healthcare services, including potential cashless experiences for policyholders.