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Wingify posts Rs 51 Cr PAT with Rs 223 Cr revenue in FY23

Entrackr · 1y

Bootstrapped SaaS firm Wingify reported a revenue of INR 223 crore ($30 million) for the fiscal year ending March 2023, with a modest growth rate of 16.8%. The company's profit narrowed due to a significant increase in staff costs. Wingify's revenue primarily came from international markets, and it is now planning to expand its presence in APAC and Latin America. The firm serves over 20,000 customers and provides SaaS solutions through its Visual Website Optimizer (VWO) tool. Employee benefits accounted for the largest cost center, constituting 70.7% of overall expenditure.