Goldman Sachs-Info Edge participate in Series E funding
WSO2, a leader in digital transformation technology with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK and the US, is to accelerate business expansion across India, funded from its US$93 million raised including the latest Series E round which had participation from Goldman Sachs Asset Management Private Credit and Info Edge Ltd (NSE: NAUKRI).
“Across India, we’re seeing growing demand for our uniquely integrated approach to uniting best-in-class API management and integration with identity and access management as more organizations embrace digital business models,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO.
“RedStart, as part of Info Edge with its deep market understanding, extensive network, and success in investing in digital businesses like Zomato, will play a strategic role in helping us accelerate our growth and customer adoption in India,” he said on 25 May 2022
Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2’s accelerated business expansion across India.
The first tranche of the Series E was completed in November 2021.
WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India. Over 35 leading enterprises in India, including government agencies and global leaders in financial services, communications, healthcare and technology, rely on WSO2’s products and solutions to drive their digital journeys and deliver innovative experiences to customers. Additionally, over 100 million consumers in India are interacting with these organizations using secure digital services powered by WSO2.
Since 2005, WSO2 has been delivering on its mission to democratize the development of modern applications and services with industry-leading, cloud native and open-source technologies for API management, integration, and customer identity and access management (CIAM). The company is now expanding upon these offerings with a new generation of platform-as-a-service solutions that further speed customers’ time to market and ability to innovate. WSO2 has over 900 employees worldwide.
RedStart Labs (India), a subsidiary of Info Edge, is focusing on investing behind innovation and IP led business models. It intends to back early-stage startups creating new ecosystems and outcomes driven by emerging science and fundamental research as well as technology platforms, IP and innovation. fiinews.com
