New Delhi, July 30 -- Private equity firm Jashvik Capital said on Wednesday that it has acquired a stake in pharma software provider Marg ERP for over Rs.400 crore, marking the firm's fourth investment from its maiden fund, which has a target corpus of $350 million.

The firm is betting on the growth of organised healthcare software as a service (SaaS) in the Indian market, where Marg ERP is currently a market leader. The healthcare software services market in India has been largely unorganised, but with tailwinds like an increasing focus on digitisation, tightening regulatory processes, and a rise in consumer trends, this space is expected to grow, founder and managing partner Naresh Patwari told Mint.

"Healthcare SaaS has been a very l...