PB Healthcare Services, formerly a wholly-owned subsidiary of PB Fintech Limited, has announced a Rs 1,461 crore ($171 million) fundraise in its seed round’s initial tranche.

Out of the total funds, PB Fintech has already infused Rs 539.4 crore, while the remaining amount will be brought in by external investors, as per disclosures submitted to the National Stock Exchange (NSE).

Earlier, PB Fintech had approved an investment of up to Rs 696 crore in PB Healthcare via equity or preference shares for FY26. The move had been approved by the company's board in a meeting held in March 2025.

Of this, Rs 539.4 crore has already been deployed, with the rest to follow. 

Following this round, PB Fintech’s holding in PB Healthcare will decline from 100% to 32.14% due to the entry of external investors. 

PB Fintech said the dilution was part of a broader strategic plan to “bring in external investors and create an ESOP pool to attract and retain talent.” 

PB Healthcare, incorporated in January 2025, aims to establish hospitals with a combined capacity of 1,000 beds in its first year. The company will begin operations in the National Capital Region (NCR) and expand to other metropolitan cities in phases.