Indian job board Info Edge announced that it has invested in digital transformation technology provider WSO2 via its subsidiary RedStart Labs.

Info Edge joins lead investor Goldman Sachs which completed the first tranche of the Series E funding in November 2021. Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2’s accelerated business expansion across India.

WSO2 has more than 800 customers in over 90 countries. According to the group, 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.

“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 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.”

Amit Behl, a partner at Info Edge, said, “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 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.”

RedStart Labs focuses on investing behind innovation and IP led business models. RedStart 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.