Everstone Capital-Backed Wingify Secures ₹1,381 Crores in Fresh Capital Through Rights Issue

Wingify Software Private Limited, supported by Everstone Capital, has raised an impressive ₹1,381 crores through a rights issue, signalling a strategic step in capital enhancement post their significant equity acquisition by Everstone Capital, as per The Moneycontrol report. 

Details of the Rights Issue 

On March 27, 2026, Wingify allocated 16,08,199 equity shares at a premium price of ₹8,580.07 per share, effectively reaching a total issue size of ₹1,381.45 crores.  

These shares, issued at a face value of ₹10 each, hold equal parity with the existing equity shares in the firm. 

Participation of Existing Investors 

The rights issue process facilitates the raising of capital from existing shareholders, indicating that majority stakeholder Everstone Capital actively participated in this initiative. 

Everstone Capital had acquired a majority share in Wingify in a transaction valued at approximately $200 million, demonstrating a focused strategy within India's SaaS sector. 

Company Background and Recent Developments 

Founded by Paras Chopra and Sparsh Gupta in 2010, Wingify, headquartered in Delhi, has established itself with its flagship product VWO, a pioneering conversion optimisation platform supporting businesses globally.  

The funding round closely follows the company's shareholder-approved resolution in January 2026 to increase authorised share capital and update its capital clause. This move is generally seen as a precursor to new share issuances. 

Read More: OpenAI Secures $122 Billion in Funding Round at $852 Billion Valuation! 

Employee Stock Option Plan (ESOP) Allocation 

In December 2025, Wingify further strengthened its equity structure by allotting 1,07,439 shares under an employee stock option plan.  

This step indicates Wingify's commitment to retaining and incentivising its talent pool amidst expanding operations. 

Conclusion 

Wingify's successful rights issue of ₹1,381 crore represents a significant capital infusion into the company, enhancing its financial robustness post the majority acquisition by Everstone Capital. These actions clearly point to a strengthened position within the competitive SaaS industry. 

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