Jashvik Capital acquires Rs 400 crore stake in Marg ERP
has acquired an undisclosed stake in
Marg ERP
for Rs. 400 crore, as per a joint press release from the two parties.
Founded in 2000 by
Anup Singh Thakur
,
Sudhir Singh Thakur
, and Mahendar Singh, Marg ERP has serves over 500,000 subscribers across the healthcare, FMCG, and retail industries in India and 32 countries worldwide, as per the press release.
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'We look forward to leveraging Jashvik Capital's deep expertise in healthcare, pharma, and health tech to take Marg to its next orbit and build a global healthcare SaaS leader out of India – where it play a pivotal role in transforming the industry,' said Anup Singh Thakur, chairman and managing director of Marg ERP.
Jashvik Capital is helmed by Naresh Patwari, formerly a partner with the American private equity firm TA Associates.
'Having known the founders of Marg ERP for the past 7–8 years, we have consistently been impressed by their strategic foresight and passion for using technology to empower entrepreneurs and businesses in the healthcare sector,' said Naresh Patwari, founder and managing partner at Jashvik Capital.
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Earlier this year, Marg ERP's founders had bought back a 49% stake in the company previously held by API Holdings (parent of brands such as PharmEasy and Thyrocare) since October 2022.
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