Policybazaar and Paisabazaar's parent company PB Fintech may soon enter the healthcare sector with a big investment. The company's chairman and group CEO Yashish Dahiya told CNBC-TV18 that the company's entry into the healthcare sector currently depends on the board's approval. Dahiya further said that PB Fintech will have a minority stake in the company through which it is considering entering the healthcare sector.

He said that PB Fintech can invest up to $100 million for a 20% - 30% stake in the new healthcare company. However, the name of the company has not been disclosed yet. Dahiya also said that this will be a one-time investment and PB Fintech does not intend to make any further investment in the healthcare company.

Efforts to meet the needs of the middle class
Meanwhile, PB Fintech co-founder and executive vice chairman Alok Bansal said that the company's entry into the healthcare sector will not be reconsidered and this is the need of the middle class. Bansal said that today this is a very important need for the middle class in India. There is a lot of crowd in hospitals these days, where a lot of revenue is generated. During this time, cases of fraud are also seen. But in reality, it affects the insurance companies, which increases their cost.

He further said that until this part is controlled, we will not be able to win the trust of middle class consumers for this segment. Unless trust is created among consumers, they will not buy it. Meanwhile, even if they come to buy, they will not buy, they will only look at the options and go away.

Meanwhile, Dahiya said, "There is enough demand for healthcare in India, I don't think it is a challenge. I think everyone has their own market. This is for the middle class of India. Because a middle class person cannot afford ₹ 78,000 for a room for one night."

The status of the company's shares
Brokerage firm Bernstein on Friday maintained its "outperform" rating on PB Fintech with a target price of ₹ 1,760. The brokerage said that investors had invested in PB Fintech for its high growth, strong business model and cash generation.

Shares of PB Fintech, which were on the verge of doubling from their IPO price till last week, have fallen by 15% in the last 5 trading sessions, but their decline halted on Monday. It was seen trading with a slight gain on Monday..