PB Healthcare secures $218 million from General Catalyst, PB Fintech, others

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PB Healthcare Services, the PB Fintech affiliate that plans to build a chain of hospitals, has raised $218 million (Rs 1,848 crore) in its first major equity infusion from US-based venture capital firm General Catalyst and other investors. PB Fintech has also participated in this round.PB Fintech, the listed parent of insurance marketplace Policybazaar, informed stock exchanges on April 25 that it had infused around Rs 539 crore ($62 million) into the healthcare business.

General Catalyst invested $50 million along with another institutional investor…



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PB Healthcare secures $218 million from General Catalyst, PB Fintech, others


PB Healthcare Services, the PB Fintech affiliate that plans to build a chain of hospitals, has raised $218 million (Rs 1,848 crore) in its first major equity infusion from US-based venture capital firm General Catalyst and other investors. PB Fintech has also participated in this round.PB Fintech, the listed parent of insurance marketplace Policybazaar, informed stock exchanges on April 25 that it had infused around Rs 539 crore ($62 million) into the healthcare business.

General Catalyst invested $50 million along with another institutional investor…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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