PB Fintech invests Rs 539 crore in healthcare arm

PB Fintech, the parent company of insurance marketplace Policybazaar and credit marketplace Paisabazaar, has invested Rs 539.4 crore into its health subsidiary, PB Healthcare Services. This marks the first tranche of a larger Rs 1,461.6 crore seed funding round, which also includes participation from external investors.

The initial investment, approved by shareholders via postal ballot, was made through the subscription of 5.39 crore Compulsory Convertible Preference Shares (CCPS) at Rs 100 per share, as disclosed in a stock exchange filing.

The…