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secret equity business firm Everstone is acquiring a majority stake inWingify , one of India’sfirst bootstrapped SaaS success stories , for about $ 200 million , three source conversant with the matter severalize TechCrunch .
The deal , settle this week , marks a significant exit for Wingify ’s father Paras Chopra , who progress the inauguration without raising any external financial backing since its inception in 2010 .
Delhi - based Wingify has grown from a two - person startup into a profitable spherical software supplier with over 6,000 node . Its flagship intersection , Visual Website Optimizer ( VWO ) , helps businesses improve their on-line spiritual rebirth rates through A / type B testing and customer experience optimization .
The startup ’s annualized receipts late touched $ 50 million .
Chopra , who own 71 % of Wingify before the acquisition , will keep back a minority post in the firm , one of the sources say . Chopra confirmed the deal , include its value , ina stake on Hacker News .
Chopra , who will also rest on the display panel of the company , say in a program line a Clarence Shepard Day Jr. after the publishing of the report : “ I am confident that Sparsh [ Gupta , co - founder of Wingify ] and the Everstone team possess the expertness and visual sense to lead the business organization through its next phase angle of succeeder . I look onward to remain mired as a shareholder and add-in member , cater steering and support to ensure the company ’s continued achievements . ”
Wingify help over 6,000 clients across 90 area , competing with global instrumentalist like Optimizely and Bloomreach . Wingify ’s product rooms is price base on visitor volume , ranging from a free tier for up to 50,000 visitors to enterprise plans costing $ 70,000 .
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The learning add together to Everstone ’s growing engineering portfolio . The secret equity house has been actively investing in India ’s technology sphere , examine chance in profitable , bootstrapped company with global ambit .
“ Wingify is among a blue-ribbon exercise set of extremely profitable software companies come forth out of India that have cut up a leading placement globally , ” said Sandeep Singh , deal conductor of Everstone Capital , in a statement on Friday .
“ It is our 2nd pregnant investment in the marketing engineering space in the retiring 18 months . We compliment the founders , Paras and Sparsh , on their journeying and look forth to working with Sparsh and his team in Wingify ’s next phase angle of maturation . ”
The story was updated to sum up the companies ’ affirmation .
