Everstone Capital Buys Wingify for $200M

Everstone Capital, a major private equity firm, has bought Wingify, a software company from Delhi, for about $200 million. This deal shows how successful bootstrapped startups in India can be, with Wingify being a great example of innovation and growth.

Wingify’s Growth: From Small Startup to Global Business

Wingify was started by Paras Chopra and Sparsh Gupta. What began as a small business is now a global software company with over 6,000 clients. Its main product, Visual Website Optimizer (VWO), is a tool that helps small and medium businesses improve their websites and get more customers using A/B testing.

Over time, Wingify has seen amazing financial growth. Its yearly revenue from operations went up from ₹220.60 crore in FY23 to ₹288.61 crore in FY24. The company’s profit also grew by 30% to ₹61.04 crore. Wingify now earns $50 million every year from recurring subscriptions, showing how strong its business is.

What the Deal Includes

Everstone Capital will now own most of Wingify. Sparsh Gupta, the CEO and co-founder, will keep an important role in leading the company and also hold a significant ownership share. Paras Chopra, the other co-founder, will keep a smaller share but will step away from running the business.

Why Did Everstone Invest in Wingify?

Wingify stands out because it grew without taking money from investors. Instead, it relied on its great products and loyal customers. Its ability to grow and make profits made it an attractive company for Everstone Capital. Everstone manages over $2 billion and invests in fast-growing sectors like technology, healthcare, and finance.

A Big Win for India’s SaaS Sector

This deal is a big moment not just for Wingify but also for India’s software industry. It shows how global investors are excited about profitable, founder-led companies from India.

Everstone’s purchase of Wingify proves that focusing on innovative ideas, staying determined, and keeping customers happy can lead to big success.

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