Jashvik Capital has invested ₹400 crore to acquire an undisclosed stake in Marg ERP, according to a joint press release issued by both companies.
Founded in 2000 by Anup Singh Thakur, Sudhir Singh Thakur, and Mahendar Singh, Marg ERP currently serves over 500,000 subscribers across sectors such as healthcare, FMCG, and retail in India and across 32 international markets, the release stated.
“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 led by Naresh Patwari, who previously served as a partner at the U.S.-based 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.
Earlier this year, Marg ERP’s founders bought back the 49% stake in the company that API Holdings—parent of PharmEasy and Thyrocare—had held since October 2022.
