DK Business Network
PB Healthcare Services Private Limited raised $218 million in a seed funding round led by General Catalyst. The funding will establish a 1,000-bed hospital network in Delhi’s National Capital Region.
PB Fintech, the parent company, invested $62 million for a 26% stake, while General Catalyst infused $50 million for a 20.57% stake. The remaining $106 million came from institutional investors and individuals. These funds will enhance PB Healthcare’s platform, integrating healthcare and insurance services.
Shardul Amarchand Mangaldas & Co. provided legal advice to General Catalyst and Avataar on their $218 million investment in PB Healthcare Services Pvt Ltd. Avataar and other investors participated in this investment round, which was led by General Catalyst.
Partners Ashish Ahluwalia and Manish Gupta led the General Catalyst transaction team with Principal Associate Rashi Singh and Senior Associate Vivek Shekhar Tiwari providing support.
Manav Nagaraj oversaw the transaction team for Avataar with support from Senior Associate Deepanshi Singh.
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