Faering Capital, Bay Capital, others join General Catalyst in PB Healthcare’s $218 million maiden funding round

PB Healthcare, the healthcare business incubated by Policybazaar parent PB Fintech, has raised its first institutional funding from private equity major Faering Capital, India-focussed equity investor Bay Capital, US-based Think Investments, growth-stage venture fund Avataar Venture Partners, Select Group, and some angel investors.

The $218 million equity funding round, which was announced back in May 2025, was led by global investment firm General Catalyst.

Sharing details on its plans for the healthcare space, the company said in a release that it is…