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…