PB Health welcomes GC as lead investor in its $218M seed round

PB Healthcare Services (“PB Health”) has secured $218 million in the first tranche of its seed funding round, led by global investment firm General Catalyst. PB Fintech, along with other external investors, also participated in the round.

The funds will be used to establish PB Health’s initial hospital network in the Delhi NCR region and to accelerate product development and technological capabilities. PB Health aims to create a comprehensive healthcare platform that combines care delivery and insurance services. The model integrates its own hospital infrastructure with technology, data analytics, and preventive healthcare strategies to enable long-term health outcomes and a more structured patient experience.

Yashish Dahiya, Chairman and Group CEO of PB Fintech, said, “We are very excited to partner with General Catalyst in building the next chapter of healthcare in India. Since 2015, we’ve always chosen our primary investor carefully, and this time was no different — we approached the General Catalyst team for their deep investment experience and strong understanding of health tech. Our vision is to create a truly integrated healthcare ecosystem where patients can experience frictionless, high-quality care. Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India.”

Neeraj Arora, Managing Director at General Catalyst, said, “At General Catalyst, we are proud to support PB Health on its mission to reimagine healthcare in India. We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system—one that makes care more proactive, affordable, and accessible. Yashish has already built one of India’s largest insurance platforms, and is uniquely positioned to deliver impact at scale for the country’s middle class.”

PB Health plans to deliver cashless, integrated care through its network of hospitals, with an emphasis on aligning insurance and treatment. The company’s model aims to provide greater predictability and access to healthcare services across India.