Wingify Eyes $149M Funding After AB Tasty Merger
Business leaders in a meeting discussing strategy.
Key Highlights
Wingify is reportedly raising $149M in funding led by Everstone Capital, following its merger with AB Tasty. CEO Sparsh Gupta and CTO Ankit Jain are also investing.
Wingify, a SaaS company, is reportedly raising ₹1,381 Cr (approximately $149 Mn) in a strategic funding round. The round is led by Everstone Capital, the company’s majority shareholder.
According to filings with the of Companies (RoC), Wingify’s board approved the allotment of nearly 16.1 Lakh equity shares at a price of ₹8,590 each on March 27. This move aims to raise the aforementioned sum.
Everstone, through its arm Everdoc Pte. Ltd, is investing ₹1,249.7 Cr (around $135 Mn) in this round. Existing backer and stock market investor Vyom Mankekar is also participating with an infusion of ₹84 Cr. Wingify’s CEO Sparsh Gupta and CTO Ankit Jain are also investing.
Additional existing shareholders, including Shivanand Mankekar, Laxmi Mankekar, and Kedar Mankekar, are also contributing capital to the company during this fundraise.
This funding development occurs three months after Wingify announced its merger with Paris-based AB Tasty. The merger will create an experimentation and personalization platform valued at over $500 Mn. The combined entity is expected to generate almost $120 Mn in revenues and serve around 4,000 customers globally.
Reports at the time of the merger announcement indicated that Everstone would invest additional capital into the combined entity.
Founded in 2009 by Paras Chopra and Sparsh Gupta, Wingify operated as a bootstrapped SaaS startup until Everstone acquired a majority stake for $200 Mn last year. Wingify’s flagship platform, VWO, is known for its A/B testing capabilities, enabling enterprises to test new user interface (UI) features and assess their performance against goals such as conversions or click-through rates.
Wingify states that its platform is utilized by over 3,000 companies across more than 90 countries, with an annual recurring revenue (ARR) approaching $60 Mn. Its client base includes Decathlon, Disney, UNICEF, and Flydubai.
The latest fundraise comes four months after Wingify’s acquisition of Y Combinator-backed AI startup Blitzllama in December 2025. This acquisition aimed to enhance VWO’s user research and feedback capabilities.
These developments occur within the context of the growing Indian SaaS market, which is projected to exceed $70 Bn by 2030. This expanding market continues to attract investors, driven by the increasing adoption of AI and ongoing digitization.
In related news, US-based product design startup Noon recently raised $44 Mn in a funding round led by Chemistry and First Round Capital. Additionally, fintech-focused SaaS startup Uncia secured $3 Mn from Hyderabad-based VC firm Pavestone in March.