After AB Tasty Merger, Wingify Set To Raise $149 Mn From Everstone & Others
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SaaS major Wingify is raising ₹1,381 Cr (nearly $149 Mn) in a strategic round led by majority shareholder and private equity (PE) firm Everstone Capital.
As per the company’s filings with the Registrar of Companies (RoC), the company’s board on March 27 approved a proposal to allot nearly 16.1 Lakh equity shares (16,08,199 to be precise) at an issue price of ₹8,590 each to raise the sum.
Everstone invested ₹1,249.7 Cr (nearly $135 Mn) during the round via its arm Everdoc Pte. Ltd, while existing backer and stock market investor Vyom Mankekar infused ₹84 Cr. Wingify’s CEO Sparsh Gupta and CTO Ankit Jain also participated in the round.
Other existing shareholders, including Shivanand Mankekar, Laxmi Mankekar, Kedar Mankekar, and others also pumped capital into the company during the fundraise.
The development was first reported by Entrackr.
The infusion comes three months after Wingify announced that it was merging with Paris-based AB Tasty to form an experimentation and personalisation platform, valued at more than $500 Mn. The combined entity will have almost $120 Mn in revenues under its belt and around 4,000 customers worldwide.
At the time, it was reported that Everstone would invest additional capital in the combined entity.
Founded in 2009 by Paras Chopra and Sparsh Gupta, Wingify was a bootstrapped SaaS startup until Everstone acquired a majority stake in the company for $200 Mn last year. Its flagship platform VWO is primarily known for its A/B testing capabilities, which allows enterprises to deploy and test new user interface (UI) features and see which one performs better against a defined goal like conversions or click-through rates.
Wingify claims its platform is used by over 3,000 companies across more than 90 countries, with ARR nearing $60 Mn. Its customers include Decathlon, Disney, UNICEF and Flydubai.
The latest fundraise comes four after Wingify acquired Y Combinator-backed AI startup Blitzllama in December 2025 to strengthen VWO’s user research and feedback capabilities.
At the heart of all this is the homegrown SaaS market, which is estimated to surpass the $70 Bn mark by 2030. As a result, the sector continues to be an investor favourite, buoyed further by the growing adoption of AI and rising digitisation
Just last week, US-based product design startup Noon raised $44 Mn in a funding round led by Chemistry, First Round Capital, and others. Prior to this in March, fintech-focused SaaS startup Uncia also bagged $3 Mn from Hyderabad-based VC firm Pavestone.
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