Investment Firm Jashvik Capital Allocates $46 Million for Software Company Marg ERP
Jashvik Capital Invests $46 Million in Marg ERP for Global Expansion
Jashvik Capital, a mid-market private equity firm, has invested over INR 400 crore ($46 million) in Marg ERP Ltd, a provider of enterprise resource planning and inventory management software for small and medium enterprises. This investment will accelerate Marg ERP's product innovation, enhance customer focus, and drive expansion across both domestic and international markets.
Marg ERP, which serves over 500,000 subscribers mainly in healthcare, FMCG, and retail sectors across India and 32 countries, plans to deepen its international footprint via its recently launched cloud-based accounting and ERP product called Marg Book. The goal is to build a global healthcare SaaS leader from India, empowering various healthcare ecosystem participants to improve patient access and outcomes.
Naresh Patwari, founder and managing partner at Jashvik Capital, expressed admiration for Marg's ECOD platform and AI-enabled solutions for pharmaceutical companies, retailers, and distributors. He believes that these innovations will play a significant role in Marg ERP's growth and success in the global market.
Anup Singh Thakur, Chairman and Managing Director of Marg ERP, stated that they plan to expand internationally, and Jashvik Capital will support these plans through organic and inorganic strategies like acquisitions or partnerships.
Prior to investing in Marg ERP, Jashvik Capital invested around Rs 210 crore in Bengaluru-based medical products seller Futura Surgicare Pvt. Ltd in its maiden healthcare PE deal. Jashvik Capital, which is currently raising $350 million for its maiden fund, with limited partners including the government-backed Self-Reliant Fund (SRI Fund), has made this investment its fourth from its first fund.
Jashvik Capital also acquired a majority stake in insecticide maker Midas Hygiene earlier this year. The firm, which is sector-agnostic, invests in the healthcare, consumer, and technology sectors.
In conclusion, Jashvik Capital's investment in Marg ERP is strategically aimed at accelerating Marg ERP's innovation, customer-centric development, and both domestic and global expansion, employing a mix of organic growth and potential inorganic strategies, with a strong focus on becoming a world-class healthcare technology infrastructure company.
This investment by Jashvik Capital in Marg ERP, a company offering enterprise resource planning and inventory management software, will be instrumental in driving expansion and product innovation, particularly within the technology sector. Marg ERP's future plans involve bolstering their international presence using their cloud-based solutions, aiming to establish a global healthcare SaaS leader from India.
