# Marg Patel

> Marg Patel is the co-founder and former CEO of Medly, established in Brooklyn in 2017 with his brother Sahaj after experience in a family-owned business. During his tenure, Medly announced a $100 million Series B and a Pharmaca acquisition agreement. He left in 2022 before Medly’s bankruptcy. The SEC brought a civil action against him and two former colleagues in 2024 alleging financial misrepresentations; the public docket remained active in September 2026.

- **Role:** Entrepreneur and business operator
- **Organizations:** Medly (co-founder and former CEO)
- **Education:** New York University
- **Known for:** Co-founded Medly in 2017 after experience in family-owned retail operations., Led Medly during its announced $100 million Series B in July 2020., Led Medly when it announced its Pharmaca acquisition agreement in June 2021.

## Career timeline

- **2017** — Co-founded Medly in Brooklyn with his brother Sahaj.
- **2020** — Medly announced a $100 million Series B and a new 30,000-square-foot Bushwick headquarters.
- **2021** — Medly announced an agreement to acquire Pharmaca, a 28-store chain.
- **2022** — Departed as Medly CEO before the company filed Chapter 11 in December.
- **2024** — Named as a defendant in an SEC civil enforcement action alleging investor fraud.
- **2026** — Published The Afterglow of Their Love; the Medly civil docket remained active in September.

## Achievements

- Co-founded Medly in 2017 after experience in family-owned retail operations.
- Led Medly during its announced $100 million Series B in July 2020.
- Led Medly when it announced its Pharmaca acquisition agreement in June 2021.

## Latest updates

- **2026-09** — The public civil docket listed SEC v. Patel as active, following an August discovery-extension entry.
- **2026-02** — Published The Afterglow of Their Love in Heartfulness Magazine.
- **2025-07** — A court order addressed dismissal motions by co-defendants Horowitz and Bhatt; it did not decide Patel’s liability.

## Links

- LinkedIn: https://www.linkedin.com/in/marg-patel-1366b2108

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Profile page: https://yespress.io/marg-patel
Published by YesPress — https://yespress.io
Last updated: 2026-10-26