Funding · Enterprise Software & IT

Wingify raises $150 Mn from Everstone and existing investors

By Startup Enthusiast · 6 April 2026

What they do

Wingify, a SaaS platform for digital experience optimization, raised $150 Mn in a funding round led by Everstone Capital and other existing investors

The round involved the issuance of 16.08 lakh equity shares at ₹8,590 each, with Everstone contributing $135 Mn and Vyom Mankekar investing ₹84 Cr

The funding follows the planned merger of Wingify's VWO with AB Tasty to create a global digital experience optimization platform

Wingify, a SaaS platform for digital experience optimization, raised ₹1,381 crore (around $150 million) in a rights issue led by Everstone Capital and other existing investors.
The company issued 16,08,199 equity shares at ₹8,590 each to raise the capital, with Everstone contributing ₹1,250 crore and Vyom Mankekar investing ₹84 crore.
Other existing shareholders, including members of the Mankekar family and CEO Sparsh Gupta, also participated in the rights issue.
The funding follows the planned merger of Wingify's VWO with AB Tasty to create a global digital experience optimization platform with a strong presence in the US and Europe.
Everstone Capital had acquired a majority stake in Wingify in a $200 million deal in January 2025.

The SaaS sector in India is growing rapidly, with the market expected to surpass $70 billion by 2030.
Wingify's platform, VWO, is used by over 3,000 companies across 90 countries, with ARR nearing $60 million.
The company acquired AI-powered user insights startup Blitzllama in December 2025 to strengthen VWO's capabilities.

Wingify provides SaaS solutions that help online businesses optimize conversion rates through its proprietary tool, Visual Website Optimizer (VWO).
VWO allows enterprises to deploy and test new user interface (UI) features to see which one performs better against defined goals like conversions or click-through rates.
Wingify's customers include Decathlon, Disney, UNICEF, and Flydubai.
The company reported a 34% rise in revenue to ₹386 crore in FY25, though profits declined sharply due to higher employee costs.
Wingify's platform is used by over 3,000 companies across more than 90 countries.

Wingify plans to merge with AB Tasty to create a global digital experience optimization platform.

Everstone Capital (lead) — Singapore-based private equity firm that acquired a majority stake in Wingify in January 2025.
Vyom Mankekar (investor) — Existing investor who contributed ₹84 crore to the funding round.
Shivanand Mankekar (investor) — Existing investor who participated in the rights issue.
Laxmi Mankekar (investor) — Existing investor who participated in the rights issue.
Kedar Mankekar (investor) — Existing investor who participated in the rights issue.
Sparsh Gupta (investor) — CEO of Wingify who participated in the rights issue.