PB Fintech’s Healthcare Arm To Raise Rs 1,461 Cr In Seed Funding

PB Fintech, the parent company of PolicyBazaar, is moving forward with its healthcare plans. It announced that its new unit, PB Healthcare Services Pvt Ltd, will raise Rs 1,461.60 Cr ($166.01 Mn) in the first part of its seed funding round. 

This is a 76% jump from the Rs 829 Cr investment announced in March.

Out of the Rs 696 Cr ($81.60 Mn) approved by shareholders, PB Fintech has already invested Rs 539.40 Cr ($63.24 Mn). The rest will be raised by issuing or selling shares or other securities before FY26.

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The company hasn’t named other investors yet, but earlier said its cofounders, Yashish Dahiya and Alok Bansal, along with three top executives, will put in Rs 132.75 Cr for a 6.61% stake.

As more funds come in, PB Fintech’s stake in the healthcare unit will drop from 100% to 32.14% due to new investors and an ESOP pool. 

CEO Dahiya had earlier said PB Fintech only aims to support and launch the project, not own it long-term, and expects to hold just 25% eventually.

PB Healthcare Services, started in January 2025, aimed to set up hospitals with a total of 1,000 beds in its first year. It planned to begin operations in the National Capital Region (NCR) and later expand to other major cities.

The initial funding was meant for day-to-day operations, marketing, office growth and other key business plans.

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