PB Fintech's Healthcare Arm To Rake In INR 1,461 Cr In Seed Funding

PB Fintech’s Healthcare Arm to Raise INR 1,461 Cr in First Seed Round

PolicyBazaar's parent company, PB Fintech, is making big moves into the healthcare sector. In fact, the firm has just announced that it's set to make a whole suite of healthcare services available to Indians. It even has a new subsidiary to handle the job, PB Healthcare Services Pvt Ltd. The new arm is starting with a fresh round of funding, seed funding, to be precise, to the tune of INR 1,461.60 crore. That's up 76% from an earlier, not-quite-…

PB Fintech's Healthcare Arm To Rake In INR 1,461 Cr In Seed Funding

As PB Fintech’s healthcare dreams take shape, the listed fintech major disclosed that its new healthcare subsidiary, PB Healthcare Services Pvt Ltd, will be raising INR 1,461.60 Cr ($166.01 Mn) from the parent and its partners as part of the first tranche of its seed funding round. This would mark a 76% increase from the last disclosed INR 829 Cr investment in March.  The Policy Bazaar parent said that it has invested INR 539.40 Cr ($63.24 Mn) i…