VC Fund Investments
Info Edge VC arm invests $3-M in digital transformation solution provider WSO2
Redstart Labs - backed by Info Edge (India) - has invested USD 3 million in California, US-headquartered digital transformation solutions provider WSO2 in the Series E round, which closed at USD 93 million, with USD 90 million coming from lead investor Goldman Sachs Asset Management Private Credit in November 2021. The startup will use the capital to expand geographically and accelerate growth with a target to go public in the US markets by 2025. WSO2 offers open-source application program interface (API) management software and customer identity and access management (CIAM). It also launched its Platform-as-a-Service (PaaS) solution in April 2022. The company, with sizeable operations in Sri Lanka, plans to open an office in India and hire between 50 and 100 people over two years. The company has registered a subsidiary in India and is in the process of hiring a general manager for India operations.
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