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Wingify acquires AI user research startup Blitzllama

EntrackrEntrackr · 2d ago
Wingify acquires AI user research startup Blitzllama
Medial

Wingify, the parent company of experimentation platform VWO, has acquired AI-powered user insights startup Blitzllama in an all-cash deal for an undisclosed amount. Founded in 2021, Blitzllama provides tools that help product and growth teams collect and analyse user feedback in real time. Its platform allows companies to gather in-product responses, review qualitative inputs from surveys and support interactions, and use AI models to summarise themes and sentiment across large datasets. Following the acquisition, Blitzllama’s capabilities will be integrated into the VWO platform. Existing Blitzllama customers will be migrated to VWO, with access to their data and ongoing support retained. Wingify said the integration will allow teams to connect behavioural data from experiments with direct user feedback, helping them understand not just what users do, but why they do it. Blitzllama was part of Y Combinator’s Winter 2022 batch and had raised early funding from 2am VC and other SaaS-focused investors. The startup worked with digital-first businesses across fintech and retail sectors. The deal comes as Wingify continues to scale its global SaaS business. The company reported that its annual recurring revenue is approaching $60 million (Rs 540 crore), driven largely by enterprise customers outside India. The development comes nearly a year after the acquisition of Wingify by Singapore-based private equity firm Everstone. While the impact of Wingify’s acquisition by Everstone will only be visible when the SaaS firm files its FY26 numbers, the company’s profit plunged more than 60% in FY25 due to an 88% increase in employee benefit costs. Its revenue grew 34% to Rs 386 crore during the last fiscal year.

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Paras Chopra to launch advanced AI lab in India after $200 Mn exit

EntrackrEntrackr · 10m ago
Paras Chopra to launch advanced AI lab in India after $200 Mn exit
Medial

Paras Chopra to Launch Advanced AI Lab in India After $200 Mn Exit Indian entrepreneur Paras Chopra, who recently sold SaaS startup Wingify for $200 million, is now planning to set up a modern AI lab in India. Announcing the development on social media platform X, Chopra stated that he aims to create efficient reasoning models and advanced AI algorithms that can have a global impact. Chopra is assembling a team to prepare a proposal for India’s AI mission and is seeking technical experts to join, either full-time or part-time. However, he has not yet disclosed the name of his next venture. He believes that solving problems in complex domains is crucial for economic growth and that enhancing AI models capable of highly intelligent reasoning could help address some of the world’s most pressing challenges, such as poverty, cancer, and fundamental questions about the universe and human consciousness. Unlike large Western AI labs with massive budgets for GPUs, Chopra’s project will prioritize efficiency. The team will explore innovative methods such as reinforcement learning, distillation, pruning, and neuroscience-based approaches to improve AI performance using limited computational resources. This will mark Chopra’s third startup venture, following Wingify (VWO) and Nintee. While Wingify was acquired by Everstone, Nintee was shut down in April last year. The company, backed by Peak XV, Kunal Shah, and others, returned most of the capital it had raised from investors.

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