New Delhi, Jan. 20 -- Everstone Capital is in the process of merging its portfolio company Wingify with French content optimisation company AB Tasty.

The mid-market Singapore-based private equity firm has invested a significant chunk of capital into buying out the captable of AB Tasty to bring the two entities together, Sparsh Gupta, co-founder and chief executive of Wingify, a digital experience optimization startup, told Mint. "Majority of the investors from the AB Tasty side are being cleaned up," he said.

AB Tasty's backers include Credit Mutuel Equity, Korelya Capital, Omnes Capital, Partech Partners, XAnge. The French startup last raised capital in 2020 in a $40 million Series C round, bringing its total funding to $64 million.

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