diff --git a/gradle.properties b/gradle.properties
index 7eee70a..4e21d3d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.lib
-version=1.0.0-SNAPSHOT
+version=1.0.1-SNAPSHOT
 
 checkstylePluginVersion=10.12.0
 spotbugsPluginVersion=5.0.14