Info Edge has joined WSO2’s lead investor, Goldman Sachs, with the investment
Info Edge, through its RedStart Labs arm, would contribute to WSO2’s commercial expansion plans in India
WSO2 develops programs and cloud-native and open source technologies for API management, integration and CIAM
RedStart Labs, a subsidiary of Info Edge Limited, which manages Naukri. com and Jeevansathi. com, participated in the U. S. generation company’s $93 million Series E (INR 721 Cr) expansion investment. USA WSO2.
With this investment, Info Edge joined WSO2’s lead investor, Goldman Sachs Asset Management Private Credit (Goldman Sachs), which completed the first tranche of Series E in November 2021.
Info Edge, through its branch, would contribute to WSO2’s business expansion plans in India. RedStart focuses on supporting startups that create new ecosystems and outcomes driven by emerging science and technology.
WSO2 develops programs and cloud-native and open source technologies for visitor identity and access control, integration and control (CIAM).
“RedStart, as a component of Info Edge with its deep market knowledge, extensive network and good fortune in making an investment in virtual corporations such as Zomato, will play a strategic role in helping us drive our expansion and adoption of our consumers in India. “said Sanjiva Weerawarana, founder and CEO of WSO2, adding that the company is experiencing increasing demand across India.
WSO2 has more than 800 consumers in more than 90 countries and claims to have already established a presence in India. More than 35 corporations in India, plus government agencies and global leaders in money services, communications, healthcare and technology, have incorporated WSO2 products and solutions.
More than a hundred million consumers in India are lately interacting with those organizations that virtual facilities power through WSO2, the company said.
Speaking about his most recent investment, Amit Behl, a spouse of Info Edge who led the company’s investment in WSO2, said: “As virtual transformation accelerates in Indian enterprises and open source bureaucracy is the foundation of the government’s Digital India initiative, we expect India to emerge as a key market for WSO2 just for its profit potential, but also for adoption through developers. »
Internet company Zomato backed one of the top investors in the initial $5. 7 million investment circular of the Rajasthan Tractor Junction-based rural vehicle market last month.
In March, Info Edge Ventures also led the investment of 1K Kirana, which raised $25 million in a Series B investment parent.
In addition to the Naukri task portal, the jeevansathi wedding site, Info Edge also has in its portfolio corporations such as the proptech platform 99Acres, the Shiksha education portal, the offline executive search Quadrangle corporate.
Earlier this year, the company acquired Indian dating platform Aisle for about INR Cr 150 (about $20 million).
In 2021, Info Edge acquired two HR technology startups: DoSelect by INR 21 Cr and Zwayam Digital by INR Cr.