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SG’s Everstone buys majority stake in SaaS firm Wingify

Everstone Capital, a private equity firm based in Singapore, has acquired a majority stake in the Indian software-as-a-service company Wingify.

According to a statement from Everstone, the deal is valued at US$300 million.

Wingify is headquartered in Delhi and was founded by Paras Chopra, targets international markets, with a large portion of its software solutions sold in the United States and Europe.

Over the past 18 months, the firm has made other significant investments in the marketing technology space.

Recent Wingify developments

Timeline
16-Feb-2021 🚀 Former Elevation Capital partner Alok Goel launches SaaS startup in India
  • Alok Goel launches SaaS startup Drivetrain.
  • Goel and ex-Freshworks exec lead the company.
18-Sep-2017 🚀 Startup complacency is the other side of success that nobody talks about
  • Wingify hit $1M in revenue within 18 months
  • Complacency can hinder further growth opportunities
11-Apr-2016 🚀 3 rising startups in India – April 11
  • Living Local raises $200K for expansion.
  • PriceRaja secures $300K angel funding.
30-Nov-2015 🚀 8 rising startups in India
  • MoMagic secures investment from FIH Mobile
  • CollegeDekho raises $1M to enhance its platform
24-Jul-2015 🚀 5 SaaS startups that have withstood Asia’s test of time
  • SaaS market in Asia Pacific to hit $4.3B by 2015
  • Investments in SaaS set to rise to $78B by end of 2016

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