No you don't need to worry, web2py is LGPL licensed which means that you 
may:

- redistribute web2py with your apps (including official web2py binary 
versions) 
- release your applications which use official web2py libraries under any 
license you wish 
But you must: 
- make clear in the documentation that your application uses web2py 
- release any modification of the web2py libraries under the LGPLv3 license

If you don't distribute your application (e.g. SaaS) you basically don't 
even need to care about any of this unless you make changes to web2py which 
you would be a dick not to give back. Don't be a dick.

-- 
Resources:
- http://web2py.com
- http://web2py.com/book (Documentation)
- http://github.com/web2py/web2py (Source code)
- https://code.google.com/p/web2py/issues/list (Report Issues)
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