At GC, we’ve long believed in India’s potential to leapfrog through innovation—it’s why we merged with Venture Highway and launched the GC Institute in Delhi. The country's world-class technical talent and ambitious entrepreneurs are driving this momentum. We are teaming up with those we believe are India’s best innovators, combining insights from our global network with a deep local commitment to architect the future of Indian resilience.
That’s why we’re proud to lead PB Health’s $218M seed round. PB Health is building one of India’s first fully integrated, value-based care platforms, designed to expand healthcare access to the nation’s underserved and uninsured middle class. This marks a significant step toward reshaping healthcare delivery and creating a more resilient India.
Healthy, productive societies are the bedrock of national resilience—especially in rapidly evolving, high-growth economies like India. As the country undergoes transformational change across critical industries, a shift from reactive healthcare to patient-focused health assurance is emerging as not just an opportunity but a necessity. Health assurance—making care more proactive, affordable, and accessible—is key to catalyzing broader systemic impact. And we’re thrilled to join forces with one of India’s best founders to reimagine the country’s journey toward a more affordable, equitable, and accessible health system for all.
Building the Infrastructure for Health Assurance
The quality of healthcare in India has improved considerably over the past several decades—there are exceptional hospitals, clinics, and doctors across the country. But as quality has gone up, so have costs, often far outpacing per capita GDP growth. Coupled with low insurance penetration, most middle-class Indians—400 million people and growing—can’t afford basic services. And even when they can, the widespread lack of trust between providers, insurers, and customers slows claims processing and adds unnecessary, costly friction to the system.
PB Health intends to break this cycle of unaffordability and mistrust by building a nationwide network of high-quality secondary care hospitals, paired with cost-effective insurance options. Founder Yashish Dahiya envisions a closed-loop payer-provider network that offers customer-centric, care-specific plans operating seamlessly from care to claim.
“At General Catalyst, we are proud to support PB Health on its mission to reimagine healthcare in India. We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system—one that makes care more proactive, affordable, and accessible. Yashish has already built one of India’s largest insurance platforms, and is uniquely positioned to deliver impact at scale for the country's middle class.” -Neeraj Arora, Managing Director at General Catalyst
Right Founder, Right Team, Right Time
Yashish, founder and CEO of PB Fintech—an $8B+ publicly listed fintech platform that operates India’s largest health insurance e-broker—is one of the country’s most accomplished entrepreneurs. He has assembled an exceptional team of physicians and healthcare executives to deliver high-quality, patient-centered care at scale. Among them is Head of Operations Rajeev Bhandari, a seasoned healthcare leader who has served as CEO for multiple hospital networks around the world and brings over 25 years of strategy and operations experience. PB Health aims to build on PB Fintech’s success to become one of the largest and most innovative healthcare businesses in India.
“We are very excited to partner with General Catalyst in building the next chapter of healthcare in India. Since 2015, we’ve always chosen our primary investor carefully, and this time was no different—we approached the General Catalyst team for their deep investment experience and strong understanding of health tech. Our vision is to create a truly integrated healthcare ecosystem where patients can experience frictionless, high-quality care. Our focus remains on building a tech-first healthcare platform that improves outcomes, enhances trust, and redefines the care journey for millions across India.” -Yashish Dahiya, Chairman & Group CEO of PB Fintech
At GC, we believe in health assurance—healthcare systems that offer proactive, affordable, and accessible care. PB Health is looking to deliver that for millions of people, helping to unlock India’s next era of growth. We are delighted to partner with Yashish as he transforms India’s healthcare ecosystem.
