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PB Healthcare raises $100-M from General Catalyst, others to build hospitals

Economic Times  

Gurugram-headquartered PB Healthcare Services, the unit of publicly listed PB Fintech (PolicyBazaar) that plans to build a chain of hospitals, has raised USD 100 million from venture capital firm General Catalyst, which invested USD 50 million along with another institutional investor who invested a similar amount. Parent PB Fintech also participated in the round infusing USD 62 million.PB Health will use the proceeds to set up a chain of five-six hospitals with 200-250 beds in the National Capital Region (NCR) in the first phase. PB Fintech holds a 26% stake in PB Health with two board seats.