India, April 7 -- SaaS major Wingify is raising Rs.1,381 Cr (nearly $149 Mn) in a strategic round led by majority shareholder and private equity (PE) firm Everstone Capital.
As per the company's filings with the Registrar of Companies (RoC), the company's board on March 27 approved a proposal to allot nearly 16.1 Lakh equity shares (16,08,199 to be precise) at an issue price of Rs.8,590 each to raise the sum.
Everstone invested Rs.1,249.7 Cr (nearly $135 Mn) during the round via its arm Everdoc Pte. Ltd, while existing backer and stock market investor Vyom Mankekar infused Rs.84 Cr. Wingify's CEO Sparsh Gupta and CTO Ankit Jain also participated in the round.
Other existing shareholders, including Shivanand Mankekar, ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.