B Capital closes $500 million fund
The fund is nearly twice the size of Ascent Fund II, which closed at $254 million in 2022.
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The fund is nearly twice the size of Ascent Fund II, which closed at $254 million in 2022.
Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.
The Bengaluru-based startup is committing Rs 200 crore to the vertical that it seeks to make it into a full-stack healthcare platform.
The funding will be used to establish PB Health's first hospital network in the Delhi NCR and to accelerate product development and technology innovation.
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 would be holding up to 33.63% of PB Healthcare on a fully diluted basis.
PB Fintech will subscribe to 50,000 shares at a face value of Rs 10 per share aggregating to Rs 5 lakh, and will retain 100% ownership of the proposed entity.