Policybazaar parent PB Fintech’s new India hospital venture raises $218 mn

Policybazaar owner PB Fintech said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India’s fast-growing healthcare industry.

The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a long-term plan to build a 25-30 hospital network across 10 Indian cities, PB Fintech chairman Yashish Dahiya told Reuters in an interview.