Everstone acquires Paras Chopra’s Wingify for $200 Mn(how much money he made from exit)?
Paras Chopra, the founder of Wingify, recently achieved a significant financial milestone with the sale of his company to Everstone for $200 million. Wingify, a SaaS company that developed the popular product "Visual Website Optimizer" (VWO), has been a standout player in the field of conversion rate optimization. With this exit, Paras Chopra, who founded Wingify in 2010, is set to make a substantial return on his investment of time, effort, and capital.
While the exact details of the equity distribution are not publicly disclosed, it is estimated that Paras Chopra holds a significant stake in Wingify. Given this, he is likely to pocket a large portion of the $200 million acquisition price. For a founder of a successful SaaS business like Wingify, the exit payout could be well into the tens of millions, depending on the structure of the deal and any existing investors' stakes.
The deal represents not just a financial success for Chopra but also a testament to his vision and perseverance in building a product that has had a meaningful impact in the digital marketing and analytics space. Wingify's growth over the years has been impressive, with the company growing its customer base to include large brands and enterprises worldwide.
This acquisition by Everstone, a prominent investment firm, is expected to help Wingify scale further by leveraging the resources and expertise of its new parent company. For Paras Chopra, it marks the conclusion of one chapter and the beginning of new opportunities, both professionally and financially.