Faering Capital, Bay Capital, others join General Catalyst in PB Healthcare’s $218 million maiden funding round - The Economic Times
Summary
PB Healthcare, the healthcare business incubated by PB Fintech, raised its first institutional funding round of $218 million. General Catalyst led the round, with participation from Faering Capital, Bay Capital, Think Investments, Avataar Venture Partners, Select Group, and angel investors. The company plans to build a 1,200-bed network in Delhi NCR over the next two years, including a hospital in Noida and two more facilities in Gurugram. It is also building an integrated healthcare management system and has already acquired digital health platform Fitterfly to expand its healthcare offering. PB Healthcare has added senior healthcare leaders to strengthen execution as it pushes a tech-first care model across India.
Funding
Amount
$218.0M
Total raised
Date
May 1, 2025
Announcement date
Investors
PolicyBazaar, Faering Capital, Bay Capital, General Catalyst
Lead investors
Company
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Funded company
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