India, April 24 -- As PB Fintech's healthcare dreams take shape, the listed fintech major disclosed that its new healthcare subsidiary, PB Healthcare Services Pvt Ltd, will be raising INR 1,461.60 Cr ($166.01 Mn) from the parent and its partners as part of the first tranche of its seed funding round. This would mark a 76% increase from the last disclosed INR 829 Cr investment in March.

The Policy Bazaar parent said that it has invested INR 539.40 Cr ($63.24 Mn) in the subsidiary out of the INR 696 Cr ($81.60 Mn) for which it received the shareholders' nod.

The remainder of the investment will come via subscription or purchase of equity shares or CCPS in PB Healthcare within FY26.

While the company hasn't disclosed the names of the othe...