Everstone Capital acquires a majority stake in Wingify, a leading Indian SaaS provider, to enhance VWO's product innovation and global expansion.

Target Overview

Wingify, a prominent SaaS company originating from India, is recognized for its flagship product, VWO, which aids over 3,000 global brands in optimizing their digital experiences and driving growth. With an impressive Annual Recurring Revenue (ARR) exceeding $50 million and notable profitability, Wingify has established a substantial market presence, particularly in the United States and Europe, where approximately 90% of its revenue is generated.

Industry Overview in India

The software industry in India has experienced remarkable growth over the past decade, positioning the country as a global hub for technology and innovation. With a burgeoning number of SaaS companies emerging from the region, the Indian technology sector continues to demonstrate robust potential for scalability and profitability.

India’s digital transformation has led to significant investments in various tech-driven solutions, particularly in marketing technology. This sector has become increasingly vital as comp