WSO2 Completes $93 Mn Series E Round To Develop Open-source Technology The company aims to democratize the development of modern applications and services with industry-leading, cloud native and open-source technologies for API management, integration and CIAM

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


California-headquartered WSO2, an open-source technology provider, has completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info Edge Limited. The move brings the total growth capital raised to $93 million. Info Edge joins lead investor Goldman Sachs Asset Management Private Credit, which completed the first tranche of the Series E in November 2021.

"Across India, we're seeing growing demand for our uniquely integrated approach to uniting best-in-class application programming interface (API) management and integration with identity and access management as more organizations embrace digital business models. 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," said Sanjiva Weerawarana, founder and CEO, WSO2.

Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2's accelerated business expansion across India, said a statement.

"We believe WSO2 operates at the intersection of two powerful trends of an increasingly API-driven world coupled with a wider adoption of open-source software by large enterprises for the flexibility and adaptability to offer agile, personalized services and innovative use-cases for their customers. As digital transformation accelerates across Indian enterprises and also as open-source forms the foundation of the government's Digital India initiative, we expect India to emerge as a key market for WSO2 not only for its revenue potential but also for developer adoption," said Amit Behl, partner, Info Edge, who led the company's investment in WSO2.

Founded in 2005, WSO2 enables enterprises, large corporations, major universities and governments to drive their digital transformation journeys, claiming to have executed more than 18 trillion transactions and be managing more than 500 million identities annually. Using WSO2 for API management, integration and customer identity and access management, these organizations are harnessing the full power of their APIs to securely deliver their digital services and applications, says the statement. The company has over 900 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK and the US.

Soumya Duggal

Former Feature Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Business News

Want to Start a Billion-Dollar Business? Look to These Two Industries, Which Have the Most Unicorn Growth

During a tough fundraising year overall last year, the value of cybersecurity and AI unicorns saw double-digit growth.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

A 29-Year-Old CEO Quit Microsoft To Build His Startup — And Just Scored A Deal on Shark Tank

Aabesh De tapped into a niche need during the pandemic and founded Flora, a houseplant care startup.

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.