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Everstone acquires bootstrapped Indian startup Wingify for $200M
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 Private equity firm Everstone has reached a deal to acquire a majority stake in Wingify, a bootstrapped SaaS startup.
The deal, finalized this week, marks a significant exit for Wingify’s founder Paras Chopra, who built the SaaS startup without external funding since its inception in 2010. The annualized revenue of the profitable Delhi-based startup, known for its popular website testing service VWO, recently touched $50 million. The private equity firm has been actively investing in India’s technology sector, seeing opportunity in profitable, bootstrapped companies with global reach.
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