Singapore-headquartered private equity firm Everstone Capital, along with others, has invested Rs 1,381 crore (approximately $150 million) in SaaS company Wingify through a rights issue, stated an Entrackr report.
While Everstone is said to have led the round with a capital injection of Rs 1,250 crore (around $135 million), Vyom Mankekar contributed another Rs 84 crore. The balance came from existing shareholders, including Shivanand Mankekar, Jt. Laxmi Mankekar, Kedar Mankekar, CEO Sparsh Gupta, and others, the report added.
Founded in 2010, Wingify’s flagship product, VWO [Visual Website Optimizer], serves over 3,000 global brands, helping them optimise digital experiences and drive business growth.
It claims to have an annual recurring revenue (ARR) exceeding $50 million and a significant global presence, with about 90% of its revenue generated from the US and Europe.
Everstone Capital is an existing investor in the company, and as of March 31, 2025, held a 76.84% stake in it.
The investment comes as Wingify’s VWO enters a definitive agreement to merge with another digital experience platform, AB Tasty. According to a press release issued earlier, the merger could see a global customer base of more than 4,000 enterprises.
Everstone focuses on mid-market, control growth, and cross-border opportunities spanning technology, healthcare, financial services, and industrials.
Some of its portfolio companies include Calibre Chemicals, Sahyadri Hospitals, Innoveo, Burger King- India and Indonesia, Omega Healthcare, and Sula Vineyards, among others.
