Policybazaar founder Yashish Dahiya has launched a new healthcare company called PB Healthcare Services, which has raised $218 million in seed funding. The company is valued at $243 million. PB Fintech, which owns Policybazaar, invested $62 million for a 26% stake, while General Catalyst invested $50 million for a 20.57% stake. The names of the other investors were not disclosed.

The Gurugram-based company, which launched on January 1, 2025, plans to use the money to build a network of 1,000 hospital beds in the Delhi-NCR region and develop new healthcare products and technology. The goal is to create a complete healthcare platform that connects insurance.

Although Dahiya heads both companies, PB Healthcare is separate from PB Fintech. The new company will run its own hospitals, use data and technology, and focus on preventing health problems. Its goal is to improve patient care and reduce unnecessary surgeries.

India’s private hospital sector is growing rapidly, with major hospitals like Apollo, Max, Fortis, and Aster planning to add thousands of beds. The sector is attracting major investments due to strong demand for quality healthcare and high occupancy rates.