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PB Healthcare to raise Rs 1,461 Cr in seed round; no longer subsidiary of PB Fintech

EntrackrEntrackr · 3m ago
PB Healthcare to raise Rs 1,461 Cr in seed round; no longer subsidiary of PB Fintech
Medial

PB Healthcare Services, formerly a wholly-owned subsidiary of PB Fintech Limited, is raising Rs 1,461 crore (approximately $171 million) as part of the first tranche of its seed round. Of the total amount, Rs 539.4 crore has already been infused by PB Fintech Limited, while the remaining capital will be contributed by external investors, according to disclosures filed with the National Stock Exchange (NSE). For context, PB Fintech had earlier passed a resolution to invest up to Rs 696 crore through the purchase of equity shares or preference shares of PB Healthcare Services Private Limited in FY26. As part of the current round, it has already invested Rs 539.4 crore, with the remaining amount yet to be deployed. As per the filings, PB Fintech’s stake in PB Healthcare Services has dropped from 100% to 32.14% following the participation of external investors in the seed round. Previously a wholly-owned subsidiary, PB Healthcare has also created an ESOP pool to attract and retain key talent. The capital infusion is aimed at strengthening the company’s financial position and supporting its growth plans. “The dilution in shareholding is a strategic decision to bring in external investors and create an ESOP pool to attract and retain talent,” the company noted in its filing. Founded in January 2025, PB Healthcare Services set out with an ambitious goal of establishing hospitals with a cumulative capacity of 1,000 beds within its first year. The company plans to launch operations in the National Capital Region (NCR), with a phased expansion into other major metro cities.

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Policybazaar parent PB Fintech enters healthcare with new subsidiary

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Policybazaar parent PB Fintech enters healthcare with new subsidiary
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Policybazaar's parent company, PB Fintech Limited, has announced plans to enter the healthcare sector by setting up a subsidiary named PB Healthcare Private Limited. PB Fintech aims to address inefficiencies in the insurance ecosystem and improve trust by focusing on the lifetime value of customers. The company will invest up to $100 million in infrastructure and operational frameworks. The proposed model involves partnerships with hospitals and insurers to establish standardized procedures and reduce claims discrepancies. This move is expected to accelerate industry growth and indirectly benefit Policybazaar's market penetration. PB Fintech reported a significant increase in revenue and profits in Q2 FY25.

PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation

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PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation
Medial

PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation PB Pay Private Limited, a wholly owned subsidiary of InsurTech firm PB Fintech, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The approval comes nearly a year after the company submitted its application. The authorisation is subject to compliance with the RBI’s guidelines on the regulation of payment aggregators and payment gateways. Policybazaar focuses on insurance, while Paisabazaar, also under PB Fintech, handles the credit side — personal loans, business loans, credit cards, and credit scores. This move will help the company’s business to support and streamline payment across both insurance and credit verticals and reduce reliance on third-party service providers. Last month, PB Fintech also got the board approval to infuse Rs 696 crore or $80 million to its subsidiary PB Healthcare Services Pvt Ltd to strengthen its new unit’s operations in India’s health care sector. The parent company of Policybazaar and Paisabazaar reported a 48.3% year-on-year revenue growth to Rs 1,292 crore in the third quarter of the last fiscal year (Q3 FY25) from Rs 871 crore in Q3 FY24. During the same period, its net profit nearly doubled to Rs 72 crore from Rs 37 crore in the corresponding quarter of the previous fiscal. PB Fintech is currently trading at Rs 1,625 with a total market capitalization of Rs 74,629 crore (approximately $8.6 billion).

Nazara ends majority control in Nodwin ahead of internal fundraise

EntrackrEntrackr · 23d ago
Nazara ends majority control in Nodwin ahead of internal fundraise
Medial

Nazara ends majority control in Nodwin ahead of internal fundraise Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media. Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will remain Nodwin’s largest shareholder. To support the fundraise, Nazara’s board has also approved the waiver of certain controlling and restrictive rights. This move will give Nodwin greater operational and financial flexibility, enabling it to raise capital independently. The board has approved Nodwin’s de-subsidiarisation, pending shareholder approval at the August 13 EGM. Post fundraise, Nodwin will be reclassified as an associate company. In January 2018, Nazara acquired a 55% stake in Nodwin Gaming through a cash-and-stock deal. Since then, it has infused capital in the Gurugram-based company in multiple tranches. Most recently, Nazara pumped in Rs 64 crore ($7.5 million) in Nodwin in December last year for expanding its business and intellectual property (IP) portfolio. This will be the second listed, venture-backed company from the Indian startup ecosystem to dilute its stake in a subsidiary below 50%. PB Fintech recently reduced its stake in its subsidiary PB Healthcare Services from 100% to 26% following a fundraise. However, it also participated in the funding round.

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