Postman, the most-valuable Indian SaaS unicorn at $5.6 billion, sees growth coming in from traditional sectors such as banking, retail, ad-tech, and automotive industries even as the tech sector looks at mass layoffs and cost cuts, the company's chief executive Abhinav Asthana told us in an interview. Are global firms taking Indian regulators for a ride? Initially available for free, Postman also launched a cloud-based paid platform last December; 300 companies are now registered on this.The venture has a 17-member team (including its co-founders) of which 12 are in core development. The team created a project called Postman runtime to share its work in open source. With Postman, Abhinav wanted to streamline the entire API development cycledesigning, documenting, monitoring and publishing. . He was the CTO of photo app TeliportMe, started the project during his spare time and later quit his job in order to pursue . Abhinav Asthana is the Co-Founder and CEO of Postman. So they started working on it in Noida with a team of 10 interns from BITS Pilani in 2011. Abhinav says. "What we envision is Postman is going to be the portal through which people will enter and live in an API-first world," Asthana said. Postman's key executives include Abhinav Asthana and 2 others. It was created by Abhinav Asthana, a former Yahoo intern who found it difficult to develop and test APIs. He's been a com. Jobs Number of Current Jobs 1 Number of Past Jobs 1 Abhinav Asthana api platform cloud computing developers Insight Partners Jeff Horing postman Transportation South African car subscription service Planet42 raises $100M equity, debt Tage. Abhinav, Ankit and Abhijit were still working as a group and had not yet formed a company. The most valued Indian Software-as-a-Service (SaaS) startup at $5.6 billion, Postman has partnered with companies like Axis Bank and Disney Hotstar in the domestic market, helping them reduce shipping time for new API products, allowing fresh integrations, and driving efficiencies. The tool got a few thousand users organically who gave feedback as well. And for me, from an Indian perspective, it was important to prove that great products could be built out of India, Abhinav said. The team started rewriting core parts of Postman and launched collaboration platform (called Postman Cloud). Google Chrome developers happened to like it and put it as a featured app on the store, and its popularity multiplied. Historically, people have created their own REST client to solve their problems, so the concept of Postman as a REST client isnt new. Click here to know more. He said: The process of building is very iterative; we make a tonne of mistakes and our mistakes are open for everybody to see. If anything, the company's seeing more business than before. Co-founder. Ankit and Abhinav had met while working together at Yahoo, and he and Abhijit had met at TeliportMe. Your email address will not be published. All the while, he never stopped learning, and kept devouring books on history of computers, the building of Apple 2, on Steve Wozniac, Bill Gates and people who created programming languages. In 2016, the startup raised $1 million in seed funding from Nexus Venture Partners. "It started from a pain point of me wanting to develop APIs and work with my coworkers better," Asthana said. Also read -Meet Mitesh Agarwalthe brain of BITS whos heading technology at Oracle India. Panorama was initially created using GPU computing, a web-based stitcher. [YourStory Inspirations] How Vidya Balan, a Bollywood outsider, changed the narrative in a male-centric industry, CRED Founder Kunal Shah draws Rs 15,000 per month, NoBroker grabs additional Rs 40 Cr in Series E funding; to collaborate with Google, Simple Viral Games raises Rs 4 crore from WEH Ventures, PointOne Capital, others, Bill Gates congratulates government on Ayushman Bharat; PM thanks him, SoftBank sells shares worth Rs 954 Cr in Delhivery, Indian tech industrys revenue to reach $245B in FY23, adds 2.9 lakh new jobs: NASSCOM, Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTO. Abhinav Asthana is the Co-Founder and CEO of Postman. Postman API Personal Investments Number of Investments 4 Abhinav Asthana has made 4 investments. He recalled, I lived in Indiranagar (an upscale neighbourhood in Bengaluru) and I was like I dont wanna go to my dad to pay the rent. This spring, the Postman API Platform reached a milestone of more than 20 million users, and that number is speedily rising. Abhinav then convinced Ankit to leave Directi and join him at Postman. Joyce is the head of developer relations at Postman. They explored the various ways it which it could be used. That was the motivation for him to start Teliportme initially. So, we would just google Postman on the web and tell people that we can take a screenshot of this and put in a pitch deck but you can do that yourself.. They even created a CD for the Goa Tourism ministry. Simply visit our Support Center to get started:https://www.postman.com/support 2-Year Developer Advocate Twitter A . View all posts by Joyce. See the full leadership team at Craft. Birla Institute of Technology and Science, Pilani, Money Matters with Shradha Sharma | What money means to you, Heres the gadget Postman CEO was most excited to buy after the first funding round, [The Turning Point] What drove these entrepreneurs to build an API development platform now used by 9M developers, APIs Expanding Beyond Developers Reveals 2019 Postman State of the API Report, My One Big Fat Digital Technology Prediction For 2020, More non-developers now work with APIs than ever before. Bengaluru and San Francisco- based SaaS startup Postman raised $150 million last month at a valuation of $2 billion to enter the elite unicorn club. These projects brought in some money. As the app's usage grew, Abhinav recruited former colleagues Ankit Sobti and Abhijit Kane to help create Postman Inc. Coder, thinker, writer. . Postman raised a Series D of $225M at a $5.6B valuation in August 2021, Postman raised a Series C of $150M at a $2B valuation in November 2020, Postman raised a Series B of $50M at a $365M valuation in June 2019, Postman has 407 total employees and 11 sales reps that carry a quota. The team built a set of systems and algorithms that would allow people to effectively map the world around them. It was the first Pentium I PC. And adds with confidence: We definitely foresee a future where developers think about Postman as the platform of choice when they are working with APIs.. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has, Total number of events the individual appeared in, Number of news articles that reference the Person. Published: Dec 21, 2021 12:02:51 PM IST . Postman has an annual churn rate of 10.00%. We started working together on this. Lots of excitement and there was a dial-up internet thing in the early 2000s, if you remember. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Founder and CEO. Postman est une application permettant de tester des API, cre en 2012 par Abhinav Asthana, Ankit Sobti et Abhijit Kane [2] Bangalore pour rpondre une problmatique de test d'API partageable. He adds, Being API-first, you insulate yourself from any changes that happen in the technology industry going forward.. After having done all the work for BITS360, ExamCrunch and LetMeKnow.in, Abhinav realised that the tools which were used to make API calls and send data took a lot of time and expertise to use them well. For most entrepreneurs and startups, fundraising can be a real pain. Postman helps developers build APIs, or application programming interfaces, which allow apps to communicate with and include features from other services. Watch what happened and hear straight from Abhinav in this full video. The features we have are on our website, the features we dont have are on our issue tracker. And the tools he had to use never helped him develop efficiently. It's been a momentous year in the Postman universe. Postman Pat Official likely has additional . This means, during the course of the last one year, the startups valuation jumped nearly 500 percent. The trio tried finding investors by building a lot of products but realised it made more sense to build on BITS360 and fine-tune it. Initially, Postman was hosted on Linode with MySQL but has now moved on to AWS. The Chrome team needed a new version of Postman because they were trying to position it as competitor to native apps. In June last year, it raised $50 million as a part of its Series B round, led by CRV and from existing investor Nexus. PLAN, Yearly And last month, it raised $150 million in its Series C round, led by New York City-based venture capital and private equity firm Insight Partners, at a valuation of $2 billion. Also read -The untold story of Alan Cooper, the father of Visual Basic. He started interviewing senior architects across industries to learn more about how their companies worked with and collaborated on APIs. Abhinav Asthana, Postman. The second level of concerns will be around delivering the application. Postman differed in that it became more of a REST browser: it stored a history of requests and lets you organise these requests to document the APIs better. While Postman now has a $2 billion valuation, Asthana declined to comment on an exit plan, saying right now he's focused on growing the company and building more products for the market. A couple of those towns were Basti, 150 miles from the capital. (PR pitches by email only, please.) The Yahoo! The Official Saastr Podcast -00:0023:44 Industry News He Sold His Last Business For $200 Million And Now Raised $70 Million To Enable Banks To Innovate - Alejandro Cremades 8 Best B2B SaaS YouTube Channels In 2020, Postman raised $150 million in its Series C funding at a valuation of $2 billion. This is all driven by APIs, which allow developers to operate onto a central system, which has the stored data (and they allow you to take that data). Abhinav, a BITS Pilani graduate, began his affair with API more than a decade ago. Culinary magician who specializes in tacos and boba. The renderer was a 3D viewer that would take these tiles and project it on geometry, like a cylinder or a sphere. "My focus has been helping developers solve this whole challenge of building software, when it comes to building APIs," Asthana told Business Insider. Dont miss out on ET Prime stories! Days Trial Postman CEO Abhinav Ansthana says they've grown to a team size of 407 since launch in 2014 and have raised $433M in funding. Today, over 11 million people and half a million companies, including Microsoft, Twitter, PayPal, and Cisco, use Postman's platform to build, run, and collaborate on APIs. Around this time, he was introduced to VineetDevaiah, who was studying at Cornell University, and together they started building multiple things. Postman intends to eventually reach a stage where it can tell what companies and developers can do with their APIs. Then internet happened and showed the vast amount of knowledge one could gain in the programming world. In October 2014, the three started Postman, two years after Asthana wrote code for the first version of their eponymous (software) platform.The Bengaluru-based startup builds platforms for the development and management of APIs (application programming interfaces, by which different software talk to one another). Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Required fields are marked *. During a recent Postman livestream with the original creator of Postman, Abhinav Asthana, we had the opportunity to talk with our CEO for an ask-me-anything chat and ended up discovering some pretty interesting things. While Abhinav moved to the US to set up the new head office, his co-founders remained in Bengaluru along with its core tech team. There are tools like Postman interceptor extension, which lets you capture API calls in a web application. "We just knew we were solving a real fundamental problem," Asthana said. Stop by and say hi, yall. Soon, Abhinav's interest turned towards building websites, and he taught himselfHTML, CSS, Flash, PHP during Class 7th and 8th. Abhinav Asthana is the founder of Postman and he joins . Asthana started Postman as a side project in 2012 while also acting as founder and CTO of photography startup TeliportMe. You may also like -Meet Ajay Shrivastava the tech general behind culture and technology at Oyo and Knowlarity, According to Abhinav, there are two kinds of developers today: the curious lot, which knows its fundamentals well and works on what it knows; and the kind that are confused and try out all the latest technologies to beef up their resumes, but cant figure out which one to go after. History [ edit] Postman first began in 2012 as a Chrome app available from the Google Chrome web store. According to research firm MarketsandMarkets, the API management market is estimated to touch $5.1 billion by 2023. Working for companies, as. Related read -Meet Kiran Bhatthe man who engineered Hulk and Tarkin to win 2017 sci-tech Oscar. Meet Kiran Bhatthe man who engineered Hulk and Tarkin to win 2017 sci-tech Oscar, CRED Founder Kunal Shah draws Rs 15,000 per month, NoBroker grabs additional Rs 40 Cr in Series E funding; to collaborate with Google, Simple Viral Games raises Rs 4 crore from WEH Ventures, PointOne Capital, others, Bill Gates congratulates government on Ayushman Bharat; PM thanks him, SoftBank sells shares worth Rs 954 Cr in Delhivery, Indian tech industrys revenue to reach $245B in FY23, adds 2.9 lakh new jobs: NASSCOM, Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTO. Personal Investments Number of Investments 4 Abhinav Asthana is the head of developer relations at Postman multiplied... The father of Visual Basic leave Directi and join him at Postman the team built a of... Postman API platform reached a milestone of more than a decade ago search activity using... Who was studying at Cornell University, and together they started building multiple things and! 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