In short
•PB Healthcare Services raised $218 million in seed funding, led by General Catalyst
•The capital will support the development of a technology-based hospital chain in the Delhi
•PB Fintech's ownership in PB Healthcare decreased to 32.14%, reflecting confidence in healthcare

PB Healthcare Services, previously owned entirely by PB Fintech, raised $218 million in the first part of its seed funding round, led by General Catalyst. PB Fintech itself invested $62 million, and General Catalyst invested $50 million. The remaining portion was raised from a combination of institutional and individual investors.

This capital will drive PB Healthcare's ambitions to develop a technology-based hospital chain in the Delhi NCR market. The firm plans to integrate insurance and care via a full-stack platform that focuses on preventive care, data-informed decisions, and patient-centric service.

To create a 1,000-bed network, PB Health anticipates opening 4–5 hospitals within the next year, adding 600 to 800 beds. It plans to streamline the insurance experience by eliminating pre-authorisations and simplifying claim processes, fostering greater trust between patients, providers, and insurers.

After this round of funding, the ownership of PB Fintech in PB Healthcare decreased to 32.14% from full control. The board didn't hesitate despite a previous suggestion of keeping only 11% and instead decided to maintain a 26% stake, indicating a firm belief in the long-term prospects of the healthcare business

The funding milestone is just ahead of PB Fintech's Q4 FY25 results announcement. During Q3 FY25, the firm registered a jump in revenues to Rs 1,292 crore and an increase of 94.6% in profit to Rs 72 crore.