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Everstone Acquires Wingify for $200 Million Stake

1/24/2025

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Summary

Story summary

Everstone has acquired a majority stake in India's Wingify for about $200 million.
Founded in 2010 by Paras Chopra, Wingify evolved from a two-person startup to a profitable SaaS provider with over 6,000 clients.
Wingify's flagship product, Visual Website Optimizer, significantly boosts online conversion rates.
The company currently has an annual revenue run rate of approximately $50 million.
This acquisition enhances Everstone's technology investment portfolio in India.

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Story summary

Everstone has acquired a majority stake in India's Wingify for about $200 million.
Founded in 2010 by Paras Chopra, Wingify evolved from a two-person startup to a profitable SaaS provider with over 6,000 clients.
Wingify's flagship product, Visual Website Optimizer, significantly boosts online conversion rates.
The company currently has an annual revenue run rate of approximately $50 million.
This acquisition enhances Everstone's technology investment portfolio in India.