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PB Fintech, the parent company of insurance marketplace Policybazaar and credit marketplace Paisabazaar, has invested Rs 539.4 crore into its health subsidiary, PB Healthcare Services. This marks the first tranche of a larger Rs 1,461.
6 crore seed funding round, which also includes participation from external investors.The initial investment, approved by shareholders via postal ballot, was made through the subscription of 5.39 crore Compulsory Convertible Preference Shares (CCPS) at Rs 100 per share, as disclosed in a stock exchange filing.
The funding round also involves the establishment of an Employee Stock Option Plan (Esop) pool. This investment, along with contributions from external investors, will reduce PB Fintech’s stake in PB Healthcare Services from 100% to 32.14% on a fully diluted basis, the filing added.
This investment will be used to strengthen the subsidiary's financial position and support its growth plans. The dilution of shareholding is part of a strategic move to attract external investors and establish the Esop pool to retain talent, the company said.Last month, the company had announced that its board has approved an investment of up to Rs 696 crore in PB Healthcare Services through the subscription or purchase of equity shares or CCPS of PB Healthcare Services during the financial year 2025-26.
After receiving board approval to establish a wholly-owned subsidiary for its healthcare segment last year, PB Fintech incorporated PB Healthcare Services in January. The subsidiary aims to set up hospitals with a capacity of 1,000 beds within its first year, focusing on offering managed healthcare services to Policybazaar policyholders.PB Fintech reported a 48% jump in operating revenue to Rs 1,292 crore in the December quarter of FY25, up from Rs 871 crore in the same period last year.
The company also posted a net profit of Rs 72 crore in the December quarter, compared to a net profit of Rs 37 crore last year..
