Wingify Secures Approximately Rs 1,381 Crores Through Rights Issue Backed by Everstone

Wingify Software Private Limited Raises $166 Million in Rights Issue

Wingify Software Private Limited, backed by Everstone Capital, has successfully raised approximately $166 million (Rs 1,381 crore) through a rights issue, according to regulatory filings reviewed by Moneycontrol. This significant development was first reported by Entrackr.

The rights issue saw the company allot 1,608,199 equity shares at a premium of Rs 8,580.07 per share on March 27, 2026, taking the total issue size to Rs 1,381.45 crore. The shares were issued at a face value of Rs 10 each and rank pari passu with existing equity shares, as per filings sourced from Fintrackr.

Founded in 2010 by Paras Chopra and Sparsh Gupta, Wingify is a Delhi-based company that has built its flagship product VWO, a leading conversion optimization platform used by businesses worldwide. The fundraise comes roughly a year after Everstone Capital acquired a majority stake in Wingify in a deal valued at around $200 million, marking a notable private equity bet in India’s SaaS ecosystem.

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A rights issue involves raising capital from existing shareholders, indicating that current investors, including private equity firm Everstone Capital, likely participated in the round. Separately, the company’s shareholders approved a resolution in January 2026 to increase authorized share capital and amend its capital clause, a move that typically precedes fresh issuances.

Wingify had also allotted 107,439 equity shares under an employee stock option plan (ESOP) in December 2025.