PB Health acquires Fitterfly to expand chronic-care and preventive-health offerings

PB Healthcare Services Pvt. Ltd. (PB Health), the healthcare venture incubated by PB Fintech, has acquired Mumbai-based digital health platform Fitterfly to strengthen its preventive-care and chronic-disease management portfolio.

Founded in 2016 by Dr Arbinder Singal and Shailesh Gupta, Fitterfly runs clinically validated programmes for diabetes reversal, obesity management, and heart health.

The platform, which uses data-driven nutrition, fitness, and behavioural-coaching tools, will allow PB Health to integrate digital disease-management capabilities with its physical hospital network. The company said it is embedding artificial intelligence into its health-information systems for voice-to-text documentation, smart clinical reports, and AI-assisted doctor support.

Fitterfly has raised about Rs 158 crore ($18.9 million) from investors including Fireside Ventures, Amazon Smbhav Venture Fund, 9 Unicorns, Venture Catalysts, 4point0 Health Ventures, and 100Unicorns, and was last valued at $41.7 million.

In FY 2024, it reported a loss of Rs 46 crore on revenue of Rs 12 crore, compared with a loss of Rs 39 crore on Rs 5 crore a year earlier.

“Chronic diseases like diabetes, hypertension, dyslipidemia, and obesity affect up to 40% of India’s adult population. The Fitterfly platform, with its strong clinical validation and proven outcomes, will add significant value to the PB Health ecosystem,” said Dr Singal.

PB Health, founded earlier this year by PB Fintech executives Yashish Dahiya and Alok Bansal, is building an integrated healthcare network connecting hospitals, doctors, insurers, and patients. It is developing a 1,200-bed network in Delhi NCR, including a 270-bed hospital in Noida and two facilities in Gurugram. PB Fintech holds a 28.46% stake in the subsidiary and invested Rs 539 crore ($60.8 million) in the June quarter.

The venture entered the healthcare segment in January after securing $218 million in seed funding led by General Catalyst, with participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and angel investors. 

PB Health is adopting a “narrow, integrated network” approach, linking select facilities within a controlled, tech-enabled ecosystem, to reduce avoidable hospitalisations and improve continuity of care. 

“We aim to create a truly integrated healthcare ecosystem where patients experience frictionless, high-quality care,” said Yashish Dahiya, Chairman and Group CEO of PB Fintech.