Investment firm Jashvik Capital allocates $46 million towards software company Marg ERP.
Jashvik Capital Invests in Marg ERP for Global Expansion
Jashvik Capital, a sector-agnostic mid-market private equity firm, has announced an investment of over Rs 400 crore ($45.7 million) in Marg ERP Ltd, a provider of enterprise resource planning (ERP) and inventory management software for small and medium enterprises (SMEs).
The investment aims to accelerate Marg ERP's product innovation, enhance customer focus, and drive expansion across both domestic and international markets. This is Jashvik Capital's fourth investment from its first fund and marks its entry into the enterprise software sector.
Jashvik Capital's investment strategy focuses on the healthcare, consumer, and technology sectors, with a particular emphasis on software firms that enable enterprise resource planning and inventory management for SMEs. The firm has previously invested in healthcare-related companies such as Bengaluru-based medical products seller Futura Surgicare Pvt. Ltd and insecticide maker Midas Hygiene.
The government-backed Self-Reliant Fund (SRI Fund) is one of Jashvik Capital's limited partners.
Anup Singh Thakur, Chairman and Managing Director of Marg ERP, stated that they plan to expand internationally, particularly through their recently launched cloud-based accounting and ERP product - Marg Book. Marg ERP currently has over 500,000 subscribers across various industries, including healthcare, FMCG, and retail, in India and 32 countries.
Naresh Patwari, founder and managing partner at Jashvik Capital, is particularly impressed with Marg's ECOD platform for pharmaceutical companies and AI-enabled ordering and payment solutions for retailers and distributors.
Jashvik Capital will support Marg ERP's plans to scale further through organic and inorganic strategies. The firm intends to support Marg ERP’s growth through both organic expansion and inorganic strategies (such as acquisitions or partnerships), with a particular emphasis on leveraging healthcare and pharma technology expertise to build Marg ERP into a global healthcare SaaS leader.
In the future, Jashvik Capital plans to drive innovation, expand international presence, and scale growth via organic and inorganic strategies for Marg ERP. The ultimate goal is to build Marg ERP as a global healthcare SaaS leader.
[1] Source: Livemint [3] Source: Economic Times
Jashvik Capital has invested in technology firm Marg ERP, focusing on supporting product innovation and global expansion, particularly in the healthcare sector. This investment will aid Marg ERP in scaling further through organic and inorganic strategies, with an emphasis on building a global healthcare SaaS leader.
Jashvik Capital's strategic move into private-equity investing in Marg ERP aligns with its focus on tech companies, driving growth and expansion into the enterprise software sector, and bolstering its international presence.
