India, Nov. 6 -- PB Fintech's healthcare venture PB Health (PB Healthcare Services Private Limited) has acquired Mumbai-based healthtech startup Fitterfly to strengthen its chronic disease management offerings.

In a statement, PB Health noted that the acquisition marks a decisive step towards its goal to build a care model that reduces avoidable hospitalisations.

"Chronic diseases like diabetes, hypertension, dyslipidemia, and obesity affect up to 40% of the adult population in India. The Fitterfly platform, with its strong clinical validation, proven outcomes, and significant IP, will add value to the PB Health platform," Fitterfly's cofounder and CEO Arbinder Singal said.

Founded in 2016 by Singal and Shailesh Gupta, Fitterfly offers...