Private equity firm Everstone has finalized the acquisition of a majority stake in Wingify for approximately $200 million, signaling a major exit for founder Paras Chopra. Wingify, established in 2010, has achieved significant success as a bootstrapped software-as-a-service provider, recently reaching an annual revenue of $50 million. The company offers website testing services and serves over 4,000 clients in 90 countries. This acquisition highlights Everstone's strategy of investing in profitable technology firms with a global footprint in India's growing tech sector.
Private equity firm Everstone has reached a deal to acquire a majority stake in Wingify, one of India's earliest bootstrapped software-as-a-service success stories.
The acquisition adds to Everstone's growing technology portfolio, as the firm sees opportunity in profitable, bootstrapped companies with global reach.
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