PB Healthcare Services Private Limited has raised $218 million from a fundraise led by General Catalyst, which also saw participation from Avataar and other investors.

Shardul Amarchand Mangaldas & Co advised lead investor General Catalyst as well as Avataar on investing into PB Healthcare.

The transaction team for General Catalyst was led by Manish Gupta (Partner) and Ashish Ahluwalia (Partner), with support from Rashi Singh (Principal Associate) and Vivek Shekhar Tiwari (Senior Associate).

The transaction team for Avataar was led by Manav Nagaraj (Partner), with support from Deepanshi Singh (Senior Associate).

Founded in 2025, PB Healthcare is a healthcare venture by PB Fintech, the parent company of Policybazaar. The Company's goal is to integrate insurance and healthcare delivery through a platform focused on patient-first, preventive care, and simpler claims to build trust between patients, providers, and insurers.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.